Geneos Wealth Management Inc. Boosts Stock Position in Deere & Company (NYSE:DE)

Geneos Wealth Management Inc. boosted its stake in Deere & Company (NYSE:DE - Free Report) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,079 shares of the industrial products company's stock after purchasing an additional 1,119 shares during the period. Geneos Wealth Management Inc.'s holdings in Deere & Company were worth $4,694,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DE. Modus Advisors LLC bought a new stake in Deere & Company during the fourth quarter valued at $32,000. Livelsberger Financial Advisory acquired a new position in shares of Deere & Company in the 3rd quarter valued at about $32,000. Centennial Bank AR boosted its position in shares of Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 84 shares in the last quarter. Continuum Advisory LLC grew its stake in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after purchasing an additional 67 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Deere & Company during the third quarter worth approximately $47,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Performance

Shares of Deere & Company stock traded up $4.18 during mid-day trading on Friday, hitting $478.90. 1,400,742 shares of the stock were exchanged, compared to its average volume of 1,025,682. Deere & Company has a 12 month low of $340.20 and a 12 month high of $479.48. The company has a 50-day simple moving average of $438.55 and a 200 day simple moving average of $406.05. The company has a market capitalization of $130.43 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.84 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.66. The business had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business's revenue was down 32.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.26 earnings per share. Sell-side analysts anticipate that Deere & Company will post 19.34 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This is an increase from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Tuesday, December 31st. Deere & Company's dividend payout ratio is currently 25.31%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DE shares. Truist Financial increased their price target on Deere & Company from $538.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Jefferies Financial Group cut shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price target for the company. in a report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Citigroup reduced their target price on Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Finally, Morgan Stanley upped their price target on Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Deere & Company has an average rating of "Hold" and an average target price of $442.83.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.