Caprock Group LLC Has $3.54 Million Stock Holdings in Deere & Company (NYSE:DE)

Caprock Group LLC grew its stake in shares of Deere & Company (NYSE:DE) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,312 shares of the industrial products company’s stock after purchasing an additional 659 shares during the quarter. Caprock Group LLC’s holdings in Deere & Company were worth $3,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Centaurus Financial Inc. lifted its stake in shares of Deere & Company by 2.3% during the 2nd quarter. Centaurus Financial Inc. now owns 1,160 shares of the industrial products company’s stock worth $433,000 after buying an additional 26 shares during the last quarter. Czech National Bank lifted its position in Deere & Company by 5.8% during the third quarter. Czech National Bank now owns 52,206 shares of the industrial products company’s stock worth $21,787,000 after acquiring an additional 2,875 shares during the last quarter. Duncan Williams Asset Management LLC bought a new stake in shares of Deere & Company during the third quarter worth approximately $602,000. Thrive Wealth Management LLC grew its position in shares of Deere & Company by 35.6% in the third quarter. Thrive Wealth Management LLC now owns 728 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 191 shares during the last quarter. Finally, Allied Investment Advisors LLC increased its stake in shares of Deere & Company by 1.4% during the third quarter. Allied Investment Advisors LLC now owns 26,131 shares of the industrial products company’s stock worth $10,905,000 after purchasing an additional 355 shares during the period. Institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DE shares. 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 note on Friday, November 22nd. Morgan Stanley upped their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Citigroup decreased their target price on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial raised their target price on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Deere & Company currently has an average rating of “Hold” and an average price target of $444.50.

Deere & Company Trading Down 0.8 %

DE opened at $476.29 on Friday. The company has a market cap of $129.72 billion, a P/E ratio of 18.61, a PEG ratio of 2.95 and a beta of 0.98. 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 company’s 50 day moving average is $444.09 and its 200-day moving average is $409.10. Deere & Company has a 1-year low of $340.20 and a 1-year high of $485.84.

Deere & Company (NYSE:DE) last issued its earnings results 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. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company’s quarterly revenue was down 32.8% on a year-over-year basis. During the same quarter last year, the business posted $8.26 earnings per share. Equities research analysts predict that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.36%. Deere & Company’s dividend payout ratio (DPR) is currently 25.31%.

About Deere & Company

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.