Roxbury Financial LLC Has $93,000 Stock Position in Deere & Company $DE

Roxbury Financial LLC grew its position in Deere & Company (NYSE:DE) by 20.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 183 shares of the industrial products company’s stock after buying an additional 31 shares during the period. Roxbury Financial LLC’s holdings in Deere & Company were worth $93,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DE. Brighton Jones LLC increased its stake in shares of Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,278 shares during the period. ProShare Advisors LLC increased its holdings in Deere & Company by 13.2% in the fourth quarter. ProShare Advisors LLC now owns 37,228 shares of the industrial products company’s stock valued at $15,774,000 after purchasing an additional 4,331 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in Deere & Company by 10.6% in the fourth quarter. Rafferty Asset Management LLC now owns 23,769 shares of the industrial products company’s stock valued at $10,071,000 after buying an additional 2,280 shares during the period. Scientech Research LLC acquired a new position in Deere & Company in the fourth quarter valued at about $1,349,000. Finally, Tema Etfs LLC acquired a new position in Deere & Company in the fourth quarter valued at about $333,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DE has been the topic of several analyst reports. DA Davidson cut their target price on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Truist Financial cut their target price on Deere & Company from $619.00 to $602.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Melius Research raised Deere & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 6th. Oppenheimer increased their target price on Deere & Company from $560.00 to $566.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Finally, Melius raised Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and a consensus price target of $520.87.

Deere & Company Stock Performance

DE stock opened at $471.35 on Friday. The business’s 50-day moving average price is $497.38 and its two-hundred day moving average price is $490.32. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The firm has a market cap of $127.42 billion, a PE ratio of 24.64, a P/E/G ratio of 3.06 and a beta of 1.00. Deere & Company has a 1-year low of $386.42 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $6.29 earnings per share. As a group, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s payout ratio is 33.87%.

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.