Roman Butler Fullerton & Co. Reduces Holdings in Deere & Company (NYSE:DE)

Roman Butler Fullerton & Co. decreased its stake in shares of Deere & Company (NYSE:DE) by 18.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,223 shares of the industrial products company’s stock after selling 273 shares during the period. Roman Butler Fullerton & Co.’s holdings in Deere & Company were worth $518,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pineridge Advisors LLC increased its stake in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 26 shares during the last quarter. Livelsberger Financial Advisory purchased a new stake in Deere & Company during the 3rd quarter valued at about $32,000. Modus Advisors LLC purchased a new stake in Deere & Company during the 4th quarter valued at about $32,000. YANKCOM Partnership purchased a new stake in Deere & Company during the 4th quarter valued at about $34,000. Finally, Synergy Asset Management LLC purchased a new stake in Deere & Company in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 3.0 %

Deere & Company stock opened at $480.17 on Friday. 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 has a market capitalization of $130.77 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.87 and a beta of 0.98. Deere & Company has a 1-year low of $340.20 and a 1-year high of $485.84. The business has a fifty day moving average price of $446.23 and a 200-day moving average price of $415.49.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Equities research analysts forecast that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were given a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup raised their target price on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday. Truist Financial reissued a “buy” rating and issued a $546.00 target price (down previously from $550.00) on shares of Deere & Company in a report on Friday. JPMorgan Chase & Co. raised their price target on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Barclays raised their price target on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley boosted their price target on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $448.72.

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.