OneAscent Financial Services LLC Acquires Shares of 3,537 Deere & Company (NYSE:DE)

OneAscent Financial Services LLC acquired a new position in shares of Deere & Company (NYSE:DE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,537 shares of the industrial products company's stock, valued at approximately $1,476,000. Deere & Company comprises 1.1% of OneAscent Financial Services LLC's investment portfolio, making the stock its 16th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DE. Fairscale Capital LLC purchased a new stake in shares of Deere & Company during the 2nd quarter worth $26,000. Pineridge Advisors LLC increased its stake in shares of Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 58 shares during the last quarter. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company during the 3rd quarter worth about $32,000. Olistico Wealth LLC purchased a new stake in shares of Deere & Company during the 2nd quarter worth about $37,000. Finally, Centennial Bank AR boosted its holdings in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after acquiring an additional 84 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley dropped their price target on Deere & Company from $450.00 to $425.00 and set an "overweight" rating on the stock in a research report on Monday, August 26th. Hsbc Global Res cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 19th. Bank of America lifted their price target on Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a report on Friday, August 16th. JPMorgan Chase & Co. boosted their target price on Deere & Company from $360.00 to $420.00 and gave the stock a "neutral" rating in a report on Friday, October 11th. Finally, Evercore ISI boosted their price objective on Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a research report on Monday, August 19th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Deere & Company has a consensus rating of "Hold" and an average target price of $420.69.

Deere & Company Stock Down 1.1 %

DE stock traded down $4.40 during trading on Tuesday, hitting $400.13. 1,076,549 shares of the company's stock traded hands, compared to its average volume of 1,430,043. The firm has a market capitalization of $109.47 billion, a P/E ratio of 13.65, a PEG ratio of 1.52 and a beta of 0.93. The business has a fifty day simple moving average of $404.63 and a two-hundred day simple moving average of $385.69. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. Deere & Company has a 1 year low of $340.20 and a 1 year high of $420.47.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were issued a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. Deere & Company's payout ratio is 20.06%.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.