Joule Financial LLC Has $732,000 Stock Position in Deere & Company (NYSE:DE)

Joule Financial LLC grew its position in Deere & Company (NYSE:DE) by 24.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,727 shares of the industrial products company’s stock after acquiring an additional 342 shares during the quarter. Joule Financial LLC’s holdings in Deere & Company were worth $732,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DE. Fairscale Capital LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth about $26,000. Modus Advisors LLC acquired a new position in Deere & Company in the fourth quarter valued at about $32,000. Livelsberger Financial Advisory bought a new stake in Deere & Company during the third quarter worth about $32,000. Centennial Bank AR increased its holdings in shares of Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after buying an additional 84 shares in the last quarter. Finally, Continuum Advisory LLC raised its stake in shares of Deere & Company by 155.8% in the third 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. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DE shares. Truist Financial boosted their price objective on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their price objective on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a report on Wednesday. Oppenheimer boosted their target price on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Citigroup decreased their price target on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Morgan Stanley boosted their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Deere & Company currently has a consensus rating of “Hold” and a consensus target price of $442.83.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $456.57 on Friday. The firm’s 50 day simple moving average is $431.48 and its 200 day simple moving average is $401.99. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $469.39. The company has a market capitalization of $124.00 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 1.74 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same period last year, the business posted $8.26 earnings per share. The business’s revenue for the quarter was down 32.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Deere & Company will post 19.57 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.42%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company’s payout ratio is presently 25.31%.

Deere & Company Company Profile

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.