SFE Investment Counsel Acquires 528 Shares of Deere & Company (NYSE:DE)

SFE Investment Counsel raised its holdings in Deere & Company (NYSE:DE) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,425 shares of the industrial products company’s stock after buying an additional 528 shares during the period. SFE Investment Counsel’s holdings in Deere & Company were worth $2,722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in Deere & Company during the third quarter valued at approximately $55,000. Wedge Capital Management L L P NC acquired a new stake in shares of Deere & Company in the 3rd quarter valued at approximately $4,728,000. Creative Planning grew its stake in shares of Deere & Company by 2.1% in the third 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. Zhang Financial LLC increased its holdings in Deere & Company by 19.1% during the third quarter. Zhang Financial LLC now owns 2,334 shares of the industrial products company’s stock worth $974,000 after buying an additional 374 shares during the last quarter. Finally, ERn Financial LLC increased its holdings in Deere & Company by 2.6% during the third quarter. ERn Financial LLC now owns 3,799 shares of the industrial products company’s stock worth $1,585,000 after buying an additional 97 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Price Performance

Shares of NYSE DE opened at $476.53 on Thursday. The business has a fifty day moving average price of $445.86 and a two-hundred day moving average price of $415.14. The stock has a market capitalization of $129.78 billion, a PE ratio of 18.61, a P/E/G ratio of 2.87 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $485.84.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating 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%. As a group, equities analysts predict that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were given a dividend of $1.62 per share. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company’s dividend payout ratio is currently 25.31%.

Wall Street Analyst Weigh In

DE has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Oppenheimer raised their target price on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Barclays increased their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Truist Financial upped their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Jefferies Financial Group cut shares of 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. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of “Hold” and an average price target of $446.17.

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.