Charles Schwab Trust Co Has $2.73 Million Stock Position in Deere & Company (NYSE:DE)

Charles Schwab Trust Co raised its holdings in Deere & Company (NYSE:DE) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,437 shares of the industrial products company’s stock after acquiring an additional 101 shares during the quarter. Charles Schwab Trust Co’s holdings in Deere & Company were worth $2,727,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DE. Edgestream Partners L.P. acquired a new stake in Deere & Company in the 2nd quarter worth approximately $216,000. AE Wealth Management LLC grew its stake in Deere & Company by 35.0% in the 2nd quarter. AE Wealth Management LLC now owns 7,245 shares of the industrial products company’s stock valued at $2,707,000 after buying an additional 1,877 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Deere & Company by 2.3% during the second quarter. Pacer Advisors Inc. now owns 18,573 shares of the industrial products company’s stock valued at $6,939,000 after acquiring an additional 417 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Deere & Company by 5.9% during the second quarter. Thrivent Financial for Lutherans now owns 31,298 shares of the industrial products company’s stock worth $11,694,000 after buying an additional 1,740 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Deere & Company by 6.0% in the 2nd quarter. ProShare Advisors LLC now owns 36,191 shares of the industrial products company’s stock valued at $13,522,000 after purchasing an additional 2,034 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 4.0 %

Shares of NYSE:DE opened at $456.57 on Tuesday. The company has a 50 day moving average price of $431.48 and a two-hundred day moving average price of $402.53. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The company has a market capitalization of $124.35 billion, a PE ratio of 17.83, a PEG ratio of 2.81 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business posted $8.26 EPS. The firm’s revenue was down 32.8% compared to the same quarter last year. Analysts forecast that Deere & Company will post 19.34 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently disclosed 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 represents a $6.48 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio is currently 25.31%.

Analysts Set New Price Targets

DE has been the subject of several research reports. Truist Financial increased their target price 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. Barclays raised their price objective on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Oppenheimer boosted their price objective on Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. UBS Group raised their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a report on Friday, December 6th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $442.83.

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.