Deere & Company (NYSE:DE) Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC decreased its position in shares of Deere & Company (NYSE:DE) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,481 shares of the industrial products company’s stock after selling 66 shares during the period. WealthPLAN Partners LLC’s holdings in Deere & Company were worth $1,051,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Creative Planning lifted its position in Deere & Company by 2.1% during the third quarter. Creative Planning now owns 75,462 shares of the industrial products company’s stock worth $31,493,000 after buying an additional 1,555 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of Deere & Company by 0.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,098 shares of the industrial products company’s stock valued at $1,293,000 after acquiring an additional 27 shares during the last quarter. Good Life Advisors LLC lifted its holdings in shares of Deere & Company by 12.2% during the 3rd quarter. Good Life Advisors LLC now owns 3,457 shares of the industrial products company’s stock worth $1,443,000 after acquiring an additional 376 shares during the period. Cardinal Capital Management boosted its position in shares of Deere & Company by 1.0% in the third quarter. Cardinal Capital Management now owns 27,475 shares of the industrial products company’s stock worth $11,506,000 after acquiring an additional 275 shares during the last quarter. Finally, Trust Co. of Vermont grew its holdings in Deere & Company by 3.7% in the third quarter. Trust Co. of Vermont now owns 21,102 shares of the industrial products company’s stock valued at $8,806,000 after purchasing an additional 747 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DE. Truist Financial reaffirmed a “buy” rating and set a $546.00 price target (down previously from $550.00) on shares of Deere & Company in a research note on Friday. Oppenheimer lifted their target price on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Citigroup upped their price target on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. raised their price objective on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Morgan Stanley boosted their target price on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $448.72.

Deere & Company Stock Up 3.0 %

Shares of NYSE DE opened at $480.17 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84. The stock’s 50-day simple moving average is $446.23 and its 200-day simple moving average is $415.49. The firm has a market cap of $130.77 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.87 and a beta of 0.98.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. As a group, equities analysts anticipate that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company’s dividend payout ratio is 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.