Deere & Company (NYSE:DE) Stock Position Raised by Foster Group Inc.

Foster Group Inc. boosted its stake in Deere & Company (NYSE:DE) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,022 shares of the industrial products company’s stock after buying an additional 57 shares during the period. Foster Group Inc.’s holdings in Deere & Company were worth $3,399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Fulton Breakefield Broenniman LLC increased its stake in Deere & Company by 38.4% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 1,237 shares of the industrial products company’s stock valued at $524,000 after buying an additional 343 shares during the period. Gateway Wealth Partners LLC lifted its position in Deere & Company by 16.3% in the fourth quarter. Gateway Wealth Partners LLC now owns 1,744 shares of the industrial products company’s stock worth $739,000 after purchasing an additional 244 shares during the period. Capital Investment Counsel LLC increased its position in shares of Deere & Company by 1.2% during the 4th quarter. Capital Investment Counsel LLC now owns 16,137 shares of the industrial products company’s stock valued at $6,837,000 after purchasing an additional 192 shares during the period. SteelPeak Wealth LLC raised its stake in shares of Deere & Company by 84.3% in the 4th quarter. SteelPeak Wealth LLC now owns 11,160 shares of the industrial products company’s stock worth $4,747,000 after buying an additional 5,105 shares in the last quarter. Finally, BSW Wealth Partners lifted its holdings in shares of Deere & Company by 15.2% in the fourth quarter. BSW Wealth Partners now owns 1,785 shares of the industrial products company’s stock valued at $757,000 after buying an additional 236 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DE. Oppenheimer boosted their price target on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday. 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. UBS Group upped their price target on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Morgan Stanley raised 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. Finally, Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. 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 stock. Based on data from MarketBeat.com, Deere & Company presently has an average rating of “Hold” and an average target price of $444.50.

Deere & Company Stock Down 0.7 %

NYSE DE opened at $480.59 on Wednesday. The stock’s 50 day simple moving average is $440.14 and its 200 day simple moving average is $407.30. The firm has a market cap of $130.89 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a one year low of $340.20 and a one year high of $485.84.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company’s quarterly revenue was down 32.8% on a year-over-year basis. During the same period in the prior year, the business earned $8.26 earnings per share. As a group, sell-side analysts forecast that Deere & Company will post 19.34 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors 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 1.35%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company’s payout ratio is 25.31%.

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.