Gutierrez Wealth Advisory LLC Takes Position in Deere & Company (NYSE:DE)

Gutierrez Wealth Advisory LLC bought a new position in Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,119 shares of the industrial products company's stock, valued at approximately $474,000. Deere & Company makes up approximately 0.4% of Gutierrez Wealth Advisory LLC's investment portfolio, making the stock its 23rd biggest holding.

Several other large investors have also recently bought and sold shares of the company. Everence Capital Management Inc. increased its stake in Deere & Company by 148.3% in the fourth quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock valued at $5,179,000 after acquiring an additional 7,300 shares during the last quarter. Stockbridge Partners LLC increased its position in shares of Deere & Company by 157.5% during the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock valued at $369,019,000 after purchasing an additional 540,874 shares during the last quarter. Compass Financial Services Inc purchased a new position in shares of Deere & Company during the 4th quarter valued at about $254,000. Toronto Dominion Bank raised its holdings in shares of Deere & Company by 1.5% during the 3rd quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company's stock valued at $36,288,000 after buying an additional 1,291 shares in the last quarter. Finally, Czech National Bank lifted its position in Deere & Company by 5.7% in the 4th quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock worth $23,376,000 after buying an additional 2,964 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on DE. Jefferies Financial Group lowered Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. Evercore ISI increased their price objective on Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Oppenheimer lifted their target price on shares of Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Truist Financial reissued a "buy" rating and set a $546.00 price target (down previously from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Deere & Company presently has an average rating of "Hold" and a consensus price target of $460.00.

Insider Activity at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.29% of the stock is owned by corporate insiders.

Deere & Company Stock Down 0.1 %

Deere & Company stock traded down $0.26 on Tuesday, hitting $479.70. 808,216 shares of the stock traded hands, compared to its average volume of 1,359,819. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05. The firm has a market cap of $130.20 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The business's fifty day simple moving average is $474.26 and its 200 day simple moving average is $437.56.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. As a group, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. Deere & Company's payout ratio is currently 28.72%.

About Deere & Company

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.