Ehrlich Financial Group Purchases Shares of 626 Deere & Company (NYSE:DE)

Ehrlich Financial Group acquired a new position in Deere & Company (NYSE:DE) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 626 shares of the industrial products company’s stock, valued at approximately $265,000.

A number of other large investors have also recently made changes to their positions in DE. Fairscale Capital LLC purchased a new stake in Deere & Company during the 2nd quarter valued at approximately $26,000. Modus Advisors LLC purchased a new position in Deere & Company during the fourth quarter valued at $32,000. Livelsberger Financial Advisory purchased a new position in Deere & Company during the third quarter valued at $32,000. Centennial Bank AR increased its holdings in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 84 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DE shares. UBS Group lifted their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Truist Financial increased their price target on Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Oppenheimer lifted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Deere & Company currently has a consensus rating of “Hold” and a consensus price target of $443.94.

Deere & Company Stock Up 5.3 %

Shares of NYSE:DE traded up $21.60 during trading hours on Monday, hitting $430.17. The company’s stock had a trading volume of 1,961,407 shares, compared to its average volume of 1,245,429. The firm’s fifty day moving average price is $427.99 and its 200 day moving average price is $400.08. 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 company has a market capitalization of $117.69 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.88 and a beta of 0.96. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s quarterly revenue was down 32.8% on a year-over-year basis. During the same period in the prior year, the business posted $8.26 EPS. As a group, research analysts expect that Deere & Company will post 19.41 EPS for the current year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.51%. Deere & Company’s dividend payout ratio is presently 22.97%.

Deere & 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.