Clarius Group LLC Has $603,000 Position in Deere & Company (NYSE:DE)

Clarius Group LLC trimmed its holdings in Deere & Company (NYSE:DE) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,423 shares of the industrial products company’s stock after selling 89 shares during the quarter. Clarius Group LLC’s holdings in Deere & Company were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Joule Financial LLC raised its holdings in shares of Deere & Company by 24.7% during the fourth quarter. Joule Financial LLC now owns 1,727 shares of the industrial products company’s stock valued at $732,000 after purchasing an additional 342 shares during the period. Aaron Wealth Advisors LLC increased its position in Deere & Company by 4.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 1,939 shares of the industrial products company’s stock valued at $821,000 after buying an additional 80 shares in the last quarter. Smith Salley Wealth Management increased its position in Deere & Company by 8.7% in the 4th quarter. Smith Salley Wealth Management now owns 735 shares of the industrial products company’s stock valued at $312,000 after buying an additional 59 shares in the last quarter. Sara Bay Financial raised its stake in Deere & Company by 2.5% during the 4th quarter. Sara Bay Financial now owns 1,455 shares of the industrial products company’s stock worth $618,000 after buying an additional 35 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its holdings in Deere & Company by 17.1% in the fourth quarter. Premier Path Wealth Partners LLC now owns 3,121 shares of the industrial products company’s stock worth $1,322,000 after acquiring an additional 456 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research note on Friday, December 6th. 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 research report on Friday, November 22nd. Morgan Stanley raised their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, Truist Financial lifted their price target on Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Deere & Company presently has an average rating of “Hold” and a consensus target price of $442.83.

Deere & Company Stock Performance

Shares of DE stock opened at $456.57 on Monday. 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 firm has a market cap of $124.35 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 1.74 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. The firm’s 50-day simple moving average is $431.48 and its two-hundred day simple moving average is $402.25.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping 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 company had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. During the same quarter in the previous year, the firm posted $8.26 EPS. Deere & Company’s revenue was down 32.8% on a year-over-year basis. As a group, equities analysts forecast that Deere & Company will post 19.57 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.42%. Deere & Company’s dividend payout ratio is presently 25.31%.

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.