YANKCOM Partnership Purchases Shares of 80 Deere & Company (NYSE:DE)

YANKCOM Partnership purchased a new stake in shares of Deere & Company (NYSE:DE) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 80 shares of the industrial products company’s stock, valued at approximately $34,000.

Several other hedge funds have also bought and sold shares of DE. Atomi Financial Group Inc. grew its holdings in Deere & Company by 25.9% during the third quarter. Atomi Financial Group Inc. now owns 1,697 shares of the industrial products company’s stock valued at $708,000 after purchasing an additional 349 shares during the period. Strategic Wealth Partners Ltd. boosted its stake in shares of Deere & Company by 4.1% in the third quarter. Strategic Wealth Partners Ltd. now owns 2,276 shares of the industrial products company’s stock worth $950,000 after acquiring an additional 89 shares during the period. First PREMIER Bank boosted its stake in shares of Deere & Company by 240.0% in the third quarter. First PREMIER Bank now owns 340 shares of the industrial products company’s stock worth $142,000 after acquiring an additional 240 shares during the period. Daymark Wealth Partners LLC boosted its stake in shares of Deere & Company by 1.0% in the third quarter. Daymark Wealth Partners LLC now owns 7,140 shares of the industrial products company’s stock worth $2,980,000 after acquiring an additional 68 shares during the period. Finally, Wedmont Private Capital boosted its stake in shares of Deere & Company by 3.1% in the third quarter. Wedmont Private Capital now owns 2,573 shares of the industrial products company’s stock worth $1,045,000 after acquiring an additional 78 shares during the period. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DE. Morgan Stanley upped their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Oppenheimer upped their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Citigroup dropped their price objective on Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. UBS Group upped their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, Truist Financial boosted their target price on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Hold” and an average price target of $444.50.

Deere & Company Trading Down 0.6 %

Shares of DE stock opened at $464.69 on Friday. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The stock’s 50 day simple moving average is $445.03 and its two-hundred day simple moving average is $411.89. The company has a market cap of $126.56 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.94 and a beta of 0.98.

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 return on equity of 31.32% and a net margin of 13.73%. 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 prior year, the business posted $8.26 earnings per share. The company’s quarterly revenue was down 32.8% compared to the same quarter last year. Research analysts predict that Deere & Company will post 19.38 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 dividend of $1.62 per share. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. Deere & Company’s dividend payout ratio is currently 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.