Regency Capital Management Inc. DE Sells 99 Shares of Deere & Company (NYSE:DE)

Regency Capital Management Inc. DE decreased its position in Deere & Company (NYSE:DE) by 2.4% during the 4th quarter, Holdings Channel reports. The firm owned 3,986 shares of the industrial products company’s stock after selling 99 shares during the quarter. Deere & Company makes up 0.9% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 27th biggest holding. Regency Capital Management Inc. DE’s holdings in Deere & Company were worth $1,689,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. boosted its stake in Deere & Company by 15.4% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,517 shares of the industrial products company’s stock worth $1,066,000 after purchasing an additional 335 shares in the last quarter. Duncan Williams Asset Management LLC lifted its position in Deere & Company by 43.0% during the 4th quarter. Duncan Williams Asset Management LLC now owns 2,062 shares of the industrial products company’s stock worth $874,000 after buying an additional 620 shares in the last quarter. AlphaMark Advisors LLC grew its holdings in Deere & Company by 34.0% during the 4th quarter. AlphaMark Advisors LLC now owns 138 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 35 shares during the last quarter. Jacksonville Wealth Management LLC acquired a new stake in Deere & Company in the 4th quarter valued at about $2,521,000. Finally, GSB Wealth Management LLC raised its stake in shares of Deere & Company by 35.1% in the fourth quarter. GSB Wealth Management LLC now owns 2,206 shares of the industrial products company’s stock worth $935,000 after acquiring an additional 573 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on DE shares. JPMorgan Chase & Co. increased their price objective on Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Oppenheimer lifted their price objective on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. Truist Financial lifted their price target on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Barclays increased their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Eleven 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, the company has an average rating of “Hold” and an average target price of $442.83.

Deere & Company Trading Up 0.9 %

NYSE DE opened at $478.90 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The stock’s 50-day moving average is $438.55 and its 200-day moving average is $405.66. Deere & Company has a one year low of $340.20 and a one year high of $479.48. The firm 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.

Deere & Company (NYSE:DE) last announced its earnings results 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. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business’s quarterly revenue was down 32.8% on a year-over-year basis. During the same period last year, the company posted $8.26 EPS. Sell-side analysts anticipate that Deere & Company will post 19.34 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a $1.62 dividend. This is a boost 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 payout ratio is currently 25.31%.

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.