Deere & Company $DE Shares Purchased by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. boosted its holdings in Deere & Company (NYSE:DE) by 38.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,860 shares of the industrial products company’s stock after buying an additional 792 shares during the period. Roman Butler Fullerton & Co.’s holdings in Deere & Company were worth $1,793,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Oakworth Capital Inc. lifted its holdings in shares of Deere & Company by 1.5% during the third quarter. Oakworth Capital Inc. now owns 1,652 shares of the industrial products company’s stock worth $1,109,000 after buying an additional 25 shares during the last quarter. Independence Bank of Kentucky increased its position in Deere & Company by 1.1% during the third quarter. Independence Bank of Kentucky now owns 2,139 shares of the industrial products company’s stock worth $1,436,000 after acquiring an additional 24 shares during the period. Ashton Thomas Securities LLC increased its position in Deere & Company by 3.0% during the third quarter. Ashton Thomas Securities LLC now owns 1,830 shares of the industrial products company’s stock worth $1,229,000 after acquiring an additional 54 shares during the period. Black Diamond Financial LLC raised its stake in Deere & Company by 23.0% during the 3rd quarter. Black Diamond Financial LLC now owns 775 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 145 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its holdings in Deere & Company by 57.2% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,130 shares of the industrial products company’s stock valued at $759,000 after purchasing an additional 411 shares during the period. 68.58% of the stock is owned by institutional investors.

Deere & Company News Roundup

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere’s consensus price target is reported at $688.10, suggesting analysts see additional upside from the stock’s recent trading level. Deere Consensus Price Target Article
• Neutral Sentiment: Deere is attracting elevated investor and market-screening attention, but the Zacks article does not identify a new fundamental development likely to materially change earnings expectations. Zacks Deere Trending Stock Article
• Neutral Sentiment: Deere was described as little changed in premarket trading, indicating no major overnight company announcement was driving the shares. Deere Premarket Trading Article
• Negative Sentiment: A comparison with Caterpillar puts Deere’s dividend growth trajectory under scrutiny. The focus on recent dividend trends may weigh on income-oriented sentiment if investors view Deere’s payout growth as less compelling than competing heavy-equipment alternatives. Caterpillar Versus Deere Dividend Comparison

Deere & Company Stock Down 0.3%

NYSE:DE opened at $639.55 on Wednesday. The company has a 50-day moving average of $660.15 and a 200-day moving average of $601.68. Deere & Company has a 52 week low of $454.50 and a 52 week high of $721.22.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The business had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.75 EPS. Equities research analysts predict that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.62 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%.

Wall Street Analyst Weigh In

DE has been the topic of several research analyst reports. Raymond James Financial raised their price target on shares of Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Nomura raised Deere & Company to a “buy” rating in a research report on Monday, August 31st. Royal Bank Of Canada restated an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a research note on Monday, August 24th. Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 21st. Finally, Truist Financial lowered their price objective on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. Seventeen 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, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.