Rothschild & Co Wealth Management UK Ltd decreased its position in Deere & Company (NYSE:DE - Free Report) by 0.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,161,924 shares of the industrial products company's stock after selling 1,320 shares during the quarter. Deere & Company comprises about 8.6% of Rothschild & Co Wealth Management UK Ltd's holdings, making the stock its 7th largest position. Rothschild & Co Wealth Management UK Ltd owned 0.43% of Deere & Company worth $492,307,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Modus Advisors LLC acquired a new position in Deere & Company in the fourth quarter valued at $32,000. Livelsberger Financial Advisory purchased a new stake in Deere & Company in the 3rd quarter valued at about $32,000. Centennial Bank AR increased its stake 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 acquiring an additional 84 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of 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 acquiring an additional 67 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of Deere & Company during the 3rd quarter worth about $47,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.
Deere & Company Stock Up 3.4 %
Shares of Deere & Company stock traded up $15.47 during trading hours on Thursday, hitting $475.22. 1,933,404 shares of the company's stock traded hands, compared to its average volume of 1,407,168. Deere & Company has a twelve month low of $340.20 and a twelve month high of $475.92. The company has a market cap of $129.43 billion, a PE ratio of 18.56, a PEG ratio of 2.86 and a beta of 0.98. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The stock has a 50 day simple moving average of $435.34 and a 200-day simple moving average of $404.30.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts' consensus estimates of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same quarter last year, the firm earned $8.26 EPS. Deere & Company's quarterly revenue was down 32.8% on a year-over-year basis. Equities research 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 disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.36%. This is an increase from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company's dividend payout ratio is 25.31%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Oppenheimer boosted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Jefferies Financial Group lowered Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. UBS Group boosted their price target on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Finally, Truist Financial raised their price objective on Deere & Company from $538.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Deere & Company currently has an average rating of "Hold" and an average price target of $442.83.
Read Our Latest Analysis on DE
About Deere & Company
(
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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