GSB Wealth Management LLC raised its stake in shares of Deere & Company (NYSE:DE - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,206 shares of the industrial products company's stock after purchasing an additional 573 shares during the period. GSB Wealth Management LLC's holdings in Deere & Company were worth $935,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Livelsberger Financial Advisory bought a new position in Deere & Company in the 3rd quarter worth approximately $32,000. Modus Advisors LLC bought a new position in Deere & Company during the fourth quarter worth $32,000. Centennial Bank AR raised its stake in 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 during the last quarter. Continuum Advisory LLC raised its stake in Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 67 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Deere & Company in the 3rd quarter valued at $47,000. Institutional investors own 68.58% of the company's stock.
Analyst Upgrades and Downgrades
DE has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. UBS Group raised their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Jefferies Financial Group cut Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective on the stock. in a research report on Friday, December 6th. Truist Financial raised their target price on Deere & Company from $538.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $450.00 to $470.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $442.83.
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Deere & Company Price Performance
Shares of Deere & Company stock traded up $4.18 during trading on Friday, reaching $478.90. The company's stock had a trading volume of 1,400,742 shares, compared to its average volume of 1,025,682. The stock has a 50-day moving average price of $438.55 and a two-hundred day moving average price of $405.66. The stock has a market capitalization of $130.43 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. Deere & Company has a one year low of $340.20 and a one year high of $479.48.
Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company's quarterly revenue was down 32.8% on a year-over-year basis. During the same period in the prior year, the business earned $8.26 earnings per share. As a group, sell-side analysts anticipate that Deere & Company will post 19.34 EPS for the current fiscal year.
Deere & Company Increases Dividend
The company 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. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's payout ratio is presently 25.31%.
Deere & Company Profile
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Free Report)
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.
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