Pflug Koory LLC Has $413,000 Stock Position in Deere & Company (NYSE:DE)

Pflug Koory LLC cut its holdings in shares of Deere & Company (NYSE:DE) by 9.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 974 shares of the industrial products company’s stock after selling 105 shares during the quarter. Pflug Koory LLC’s holdings in Deere & Company were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DE. Modus Advisors LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at $32,000. Livelsberger Financial Advisory acquired a new position in shares of Deere & Company in the 3rd quarter valued at $32,000. Centennial Bank AR increased its holdings in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Deere & Company during the 3rd quarter worth about $47,000. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DE. 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. Oppenheimer upped their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Morgan Stanley boosted their price target on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Barclays lifted their target price on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Truist Financial lifted their price objective on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Deere & Company currently has an average rating of “Hold” and an average price target of $442.83.

Deere & Company Stock Up 0.9 %

Shares of DE stock opened at $478.90 on Friday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $479.48. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The stock has a market cap of $130.43 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.84 and a beta of 0.98. The stock has a 50 day moving average of $436.95 and a 200 day moving average of $404.80.

Deere & Company (NYSE:DE) last released 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 business had revenue of $9.28 billion during 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%. The company’s revenue for the quarter was down 32.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.26 earnings per share. As a group, sell-side analysts expect that Deere & Company will post 19.34 EPS for the current year.

Deere & Company Increases Dividend

The firm also recently announced 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 is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, December 31st. Deere & Company’s dividend payout ratio is presently 25.31%.

About Deere & Company

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.