Court Place Advisors LLC Has $1.32 Million Position in Deere & Company (NYSE:DE)

Court Place Advisors LLC trimmed its stake in Deere & Company (NYSE:DE) by 13.1% in the fourth quarter, HoldingsChannel reports. The firm owned 3,121 shares of the industrial products company’s stock after selling 472 shares during the period. Court Place Advisors LLC’s holdings in Deere & Company were worth $1,322,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Modus Advisors LLC bought a new position in shares of Deere & Company during the 4th quarter worth about $32,000. Livelsberger Financial Advisory acquired a new position in Deere & Company during the 3rd quarter worth approximately $32,000. Centennial Bank AR boosted its holdings in Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares in the last quarter. Continuum Advisory LLC grew its stake in Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of Deere & Company during the third quarter valued at approximately $47,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DE shares. Oppenheimer increased their target price on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Truist Financial raised their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. UBS Group raised their price target on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Finally, Citigroup decreased their price objective on Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $442.83.

Deere & Company Trading Up 1.1 %

NYSE:DE opened at $484.08 on Tuesday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $484.39. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The firm’s 50 day moving average is $438.55 and its 200 day moving average is $406.44. The stock has a market capitalization of $131.84 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same period last year, the business posted $8.26 earnings per share. The business’s revenue for the quarter was down 32.8% on a year-over-year basis. Sell-side analysts expect that Deere & Company will post 19.34 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a $1.62 dividend. 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 1.34%. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

Deere & 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.