2,582 Shares in Deere & Company (NYSE:DE) Acquired by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC acquired a new stake in Deere & Company (NYSE:DE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,582 shares of the industrial products company’s stock, valued at approximately $1,094,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Deere & Company by 2.1% in the third quarter. Creative Planning now owns 75,462 shares of the industrial products company’s stock worth $31,493,000 after purchasing an additional 1,555 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Deere & Company by 4.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,322 shares of the industrial products company’s stock worth $14,324,000 after buying an additional 1,523 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its position in Deere & Company by 12.2% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 922 shares of the industrial products company’s stock valued at $385,000 after buying an additional 100 shares during the last quarter. Accurate Wealth Management LLC lifted its stake in Deere & Company by 28.0% during the 3rd quarter. Accurate Wealth Management LLC now owns 1,910 shares of the industrial products company’s stock valued at $768,000 after acquiring an additional 418 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Deere & Company by 17.2% during the 3rd quarter. Blue Trust Inc. now owns 4,745 shares of the industrial products company’s stock worth $1,980,000 after acquiring an additional 696 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 3.0 %

Shares of NYSE DE opened at $480.17 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The company has a market cap of $130.77 billion, a P/E ratio of 18.76, a P/E/G ratio of 2.87 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $485.84. The business has a 50-day simple moving average of $446.95 and a two-hundred day simple moving average of $416.21.

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

Deere & Company Increases Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on DE. Oppenheimer raised their price target on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Morgan Stanley boosted their target price on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. UBS Group increased their price target on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. boosted their price objective on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Truist Financial reaffirmed a “buy” rating and set a $546.00 target price (down from $550.00) on shares of Deere & Company in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Deere & Company has an average rating of “Hold” and an average price target of $448.72.

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.