OneDigital Investment Advisors LLC Reduces Stock Holdings in Deere & Company (NYSE:DE)

OneDigital Investment Advisors LLC lowered its holdings in shares of Deere & Company (NYSE:DE) by 15.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,703 shares of the industrial products company’s stock after selling 1,221 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Deere & Company were worth $2,797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DE. Janus Henderson Group PLC lifted its holdings in Deere & Company by 0.5% during the first quarter. Janus Henderson Group PLC now owns 3,859,021 shares of the industrial products company’s stock valued at $1,585,028,000 after purchasing an additional 19,200 shares in the last quarter. Legal & General Group Plc grew its holdings in Deere & Company by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company’s stock valued at $842,259,000 after buying an additional 60,255 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Deere & Company by 15.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company’s stock valued at $802,037,000 after buying an additional 279,627 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Deere & Company by 8.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,470,159 shares of the industrial products company’s stock worth $603,854,000 after buying an additional 114,116 shares in the last quarter. Finally, Markel Group Inc. boosted its position in shares of Deere & Company by 2.8% during the third quarter. Markel Group Inc. now owns 869,100 shares of the industrial products company’s stock worth $362,702,000 after acquiring an additional 23,750 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE stock opened at $398.95 on Friday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $420.47. The firm has a market cap of $109.15 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.48 and a beta of 0.93. The business’s fifty day simple moving average is $404.03 and its two-hundred day simple moving average is $385.65. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. The company had revenue of $11.39 billion for the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The firm’s revenue was down 20.3% compared to the same quarter last year. During the same quarter last year, the firm posted $10.20 EPS. Analysts predict that Deere & Company will post 25 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were issued a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.47%. Deere & Company’s payout ratio is 20.06%.

Wall Street Analysts Forecast Growth

DE has been the topic of several research analyst reports. Truist Financial boosted their price target on shares of Deere & Company from $443.00 to $496.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. HSBC cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on shares of Deere & Company from $360.00 to $420.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Finally, Morgan Stanley reduced their target price on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $420.69.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.