Advisory Alpha LLC Increases Stake in Deere & Company (NYSE:DE)

Advisory Alpha LLC grew its position in Deere & Company (NYSE:DE) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,040 shares of the industrial products company’s stock after buying an additional 285 shares during the period. Advisory Alpha LLC’s holdings in Deere & Company were worth $5,525,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DE. XML Financial LLC raised its stake in shares of Deere & Company by 10.2% in the fourth quarter. XML Financial LLC now owns 911 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 84 shares during the last quarter. Simon Quick Advisors LLC raised its position in Deere & Company by 17.8% in the 4th quarter. Simon Quick Advisors LLC now owns 1,068 shares of the industrial products company’s stock worth $453,000 after buying an additional 161 shares during the last quarter. MCF Advisors LLC raised its position in Deere & Company by 4.1% in the 4th quarter. MCF Advisors LLC now owns 818 shares of the industrial products company’s stock worth $348,000 after buying an additional 32 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in Deere & Company by 19.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 10,079 shares of the industrial products company’s stock valued at $4,270,000 after acquiring an additional 1,611 shares during the period. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Deere & Company by 34.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,277 shares of the industrial products company’s stock valued at $965,000 after acquiring an additional 580 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DE has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a research note on Friday, December 6th. Barclays upped their price objective on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Citigroup dropped their target price on Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Hold” and a consensus target price of $442.83.

Deere & Company Price Performance

DE stock opened at $463.06 on Wednesday. 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 company’s fifty day moving average price is $432.55 and its 200-day moving average price is $403.19. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The company has a market capitalization of $126.11 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.81 and a beta of 0.98.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the prior year, the firm earned $8.26 EPS. The business’s revenue was down 32.8% on a year-over-year basis. On average, equities analysts anticipate that Deere & Company will post 19.34 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors 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 dividend on an annualized basis and a yield of 1.40%. 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.