Deere & Company $DE Stock Purchased by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC raised its holdings in shares of Deere & Company (NYSE:DE) by 13.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,588 shares of the industrial products company’s stock after purchasing an additional 1,040 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Deere & Company were worth $5,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co grew its position in shares of Deere & Company by 3.2% during the 2nd quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock worth $308,000 after buying an additional 16 shares during the period. Anchyra Partners LLC raised its stake in shares of Deere & Company by 0.5% during the first quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock worth $1,797,000 after buying an additional 17 shares during the last quarter. William B. Walkup & Associates Inc. raised its stake in shares of Deere & Company by 0.6% during the first quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock worth $1,638,000 after buying an additional 17 shares during the last quarter. Concorde Asset Management LLC lifted its holdings in Deere & Company by 3.0% in the second quarter. Concorde Asset Management LLC now owns 581 shares of the industrial products company’s stock valued at $369,000 after buying an additional 17 shares during the period. Finally, MCF Advisors LLC lifted its holdings in Deere & Company by 0.9% in the second quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $1,271,000 after buying an additional 17 shares during the period. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Oppenheimer raised their price objective on shares of Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Bank of America upped their target price on shares of Deere & Company from $667.00 to $715.00 in a research report on Thursday, September 24th. JPMorgan Chase & Co. increased their price target on Deere & Company from $585.00 to $625.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Evercore upgraded Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price target on the stock in a research report on Wednesday, September 2nd. Finally, Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $640.00 to $800.00 in a research report on Monday, August 31st. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Stock Up 2.6%

Shares of DE stock traded up $16.71 during trading hours on Tuesday, hitting $649.32. 1,328,616 shares of the company were exchanged, compared to its average volume of 1,366,479. Deere & Company has a 52 week low of $433.00 and a 52 week high of $721.22. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average of $656.14 and a two-hundred day moving average of $610.53. The company has a market capitalization of $175.07 billion, a PE ratio of 36.07, a PEG ratio of 2.27 and a beta of 0.86.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.75 EPS. Analysts anticipate that Deere & Company will post 18.12 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio is 36.00%.

About Deere & Company

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company’s products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.