DDD Partners LLC Increases Position in Deere & Company (NYSE:DE)

DDD Partners LLC increased its stake in shares of Deere & Company (NYSE:DE) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 916 shares of the industrial products company’s stock after purchasing an additional 100 shares during the quarter. DDD Partners LLC’s holdings in Deere & Company were worth $388,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Creative Planning increased its position in Deere & Company by 2.1% during the 3rd quarter. Creative Planning now owns 75,462 shares of the industrial products company’s stock valued at $31,493,000 after buying an additional 1,555 shares in the last quarter. Accurate Wealth Management LLC grew its stake in shares of Deere & Company by 28.0% during the third quarter. Accurate Wealth Management LLC now owns 1,910 shares of the industrial products company’s stock worth $768,000 after acquiring an additional 418 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Deere & Company by 17.2% during the third quarter. Blue Trust Inc. now owns 4,745 shares of the industrial products company’s stock worth $1,980,000 after acquiring an additional 696 shares during the last quarter. Spectrum Financial Alliance Ltd LLC increased its holdings in shares of Deere & Company by 23.4% during the third quarter. Spectrum Financial Alliance Ltd LLC now owns 48,206 shares of the industrial products company’s stock valued at $20,118,000 after acquiring an additional 9,139 shares in the last quarter. Finally, Resonant Capital Advisors LLC purchased a new position in shares of Deere & Company in the 3rd quarter valued at approximately $206,000. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DE shares. Citigroup upped their price target on shares of Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. Morgan Stanley boosted their price target on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Truist Financial restated a “buy” rating and issued a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research note on Friday. Finally, UBS Group increased their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $450.12.

Deere & Company Stock Up 3.0 %

Deere & Company stock opened at $480.17 on Monday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The stock has a market capitalization of $130.77 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. The business has a 50 day simple moving average of $446.95 and a 200-day simple moving average of $416.52. Deere & Company has a 12 month low of $340.20 and a 12 month high of $485.84.

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

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were paid a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. Deere & Company’s dividend payout ratio (DPR) is currently 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.