Heritage Family Offices LLP Acquires 71 Shares of Deere & Company (NYSE:DE)

Heritage Family Offices LLP increased its stake in Deere & Company (NYSE:DE) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,783 shares of the industrial products company’s stock after purchasing an additional 71 shares during the period. Heritage Family Offices LLP’s holdings in Deere & Company were worth $755,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fairscale Capital LLC purchased a new position in Deere & Company in the 2nd quarter worth approximately $26,000. Modus Advisors LLC bought a new stake in shares of Deere & Company during the 4th quarter worth $32,000. Livelsberger Financial Advisory purchased a new position in Deere & Company in the third quarter worth $32,000. Centennial Bank AR increased its stake in Deere & Company by 420.0% in the second 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 raised its position in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Price Performance

DE opened at $428.84 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The stock has a market capitalization of $116.46 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The stock’s 50 day moving average price is $429.20 and its 200-day moving average price is $400.87. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same period in the previous year, the firm earned $8.26 EPS. The company’s quarterly revenue was down 32.8% compared to the same quarter last year. On average, equities research analysts predict that Deere & Company will post 19.57 EPS for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.51%. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DE. Oppenheimer upped their price objective on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Citigroup cut their target price on Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research note on Tuesday. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a research report on Friday, December 6th. Barclays boosted their price objective 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Deere & Company currently has an average rating of “Hold” and an average price target of $442.83.

Deere & Company 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.