Wilmington Savings Fund Society FSB Acquires 13,334 Shares of Deere & Company (NYSE:DE)

Wilmington Savings Fund Society FSB raised its stake in Deere & Company (NYSE:DE - Free Report) by 162.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,563 shares of the industrial products company's stock after acquiring an additional 13,334 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Deere & Company were worth $8,999,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new position in shares of Deere & Company in the second quarter valued at about $26,000. Livelsberger Financial Advisory bought a new stake in Deere & Company in the 3rd quarter valued at about $32,000. Centennial Bank AR boosted its stake in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after buying an additional 84 shares during the period. Continuum Advisory LLC grew its position 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 buying an additional 67 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Deere & Company during the 3rd quarter worth $47,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Down 1.9 %

Shares of DE traded down $8.55 during trading hours on Thursday, reaching $439.48. 867,049 shares of the stock traded hands, compared to its average volume of 1,441,555. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The stock has a fifty day simple moving average of $419.35 and a 200 day simple moving average of $391.72. The company has a market cap of $120.24 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.90 and a beta of 0.96.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping 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 business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same period last year, the company posted $8.26 earnings per share. Deere & Company's quarterly revenue was down 32.8% compared to the same quarter last year. On average, equities analysts forecast that Deere & Company will post 19.52 EPS for the current year.

Deere & Company Increases Dividend

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

Analyst Ratings Changes

DE has been the subject of several research analyst reports. Hsbc Global Res downgraded shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 19th. Truist Financial boosted their price target on Deere & Company from $496.00 to $538.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Citigroup raised their price objective on Deere & Company from $460.00 to $470.00 and gave the company a "neutral" rating in a research note on Monday. UBS Group boosted their target price on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $420.00 to $450.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Deere & Company currently has a consensus rating of "Hold" and an average target price of $443.28.

Deere & Company Profile

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.