Avantax Planning Partners Inc. Purchases 1,134 Shares of Deere & Company (NYSE:DE)

Avantax Planning Partners Inc. boosted its position in Deere & Company (NYSE:DE) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,143 shares of the industrial products company’s stock after purchasing an additional 1,134 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Deere & Company were worth $8,535,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DE. Pineridge Advisors LLC boosted 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 valued at $29,000 after purchasing an additional 26 shares during the period. Modus Advisors LLC bought a new stake in Deere & Company in the 4th quarter valued at $32,000. YANKCOM Partnership bought a new stake in Deere & Company in the 4th quarter valued at $34,000. Synergy Asset Management LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at $35,000. Finally, Continuum Advisory LLC lifted its position in shares of Deere & Company by 155.8% during the 3rd 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. 68.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DE. Argus set a $510.00 target price on Deere & Company in a research report on Friday. Truist Financial reiterated 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, February 14th. Morgan Stanley upped their target price on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Citigroup upped their target price on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, UBS Group boosted their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $460.00.

Deere & Company Price Performance

Shares of DE opened at $488.69 on Tuesday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The business has a 50-day simple moving average of $462.49 and a two-hundred day simple moving average of $430.99. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The stock has a market cap of $132.64 billion, a PE ratio of 21.66, a PEG ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.33%. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

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.