Deere & Company (NYSE:DE) Shares Acquired by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC raised its stake in shares of Deere & Company (NYSE:DE) by 21.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 700 shares of the industrial products company’s stock after buying an additional 123 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Deere & Company were worth $280,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Retirement Group LLC increased its stake in Deere & Company by 264.7% during the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock valued at $25,000 after buying an additional 45 shares during the period. Briaud Financial Planning Inc acquired a new position in Deere & Company during the 3rd quarter valued at about $25,000. Rakuten Securities Inc. acquired a new position in Deere & Company during the 4th quarter valued at about $28,000. Naples Money Management LLC acquired a new position in Deere & Company during the 4th quarter valued at about $29,000. Finally, ZRC Wealth Management LLC acquired a new position in Deere & Company during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Down 0.1 %

DE stock traded down $0.28 during trading hours on Friday, hitting $400.32. The company’s stock had a trading volume of 1,125,406 shares, compared to its average volume of 1,289,741. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $111.43 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.04. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The stock has a 50 day moving average price of $385.86 and a two-hundred day moving average price of $382.97.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. The company had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.55 earnings per share. On average, equities research analysts expect that Deere & Company will post 27.4 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s payout ratio is 17.12%.

Analysts Set New Price Targets

A number of research firms recently commented on DE. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Morgan Stanley began coverage on shares of Deere & Company in a report on Monday, January 8th. They issued an “overweight” rating and a $430.00 target price on the stock. Truist Financial began coverage on shares of Deere & Company in a report on Thursday, March 14th. They issued a “buy” rating and a $494.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Finally, Citigroup dropped their target price on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $433.28.

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.