120 Shares in Deere & Company (NYSE:DE) Purchased by Asset Planning Inc

Asset Planning Inc acquired a new position in shares of Deere & Company (NYSE:DE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 120 shares of the industrial products company’s stock, valued at approximately $51,000.

Other hedge funds have also modified their holdings of the company. Pineridge Advisors LLC boosted its position in Deere & Company by 60.5% during the fourth 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 last quarter. Modus Advisors LLC acquired a new position in Deere & Company during the fourth quarter valued at approximately $32,000. Livelsberger Financial Advisory acquired a new position in Deere & Company during the third quarter valued at approximately $32,000. YANKCOM Partnership acquired a new position in Deere & Company during the fourth quarter valued at approximately $34,000. Finally, Synergy Asset Management LLC acquired a new position in Deere & Company during the fourth quarter valued at approximately $35,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Performance

NYSE:DE opened at $480.17 on Friday. The stock has a market cap of $130.77 billion, a P/E ratio of 18.76, a PEG ratio of 2.87 and a beta of 0.98. The stock has a 50 day simple moving average of $446.23 and a 200 day simple moving average of $415.49. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. Deere & Company has a 1-year low of $340.20 and a 1-year high of $485.84.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Research analysts anticipate that Deere & Company will post 19.38 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

Wall Street Analyst Weigh In

Several research analysts recently commented on DE shares. Citigroup increased their price target on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday. Truist Financial reissued a “buy” rating and set a $546.00 price target (down from $550.00) on shares of Deere & Company in a research report on Friday. Oppenheimer raised their price objective on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Morgan Stanley raised their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, Barclays raised their price objective on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Deere & Company currently has an average rating of “Hold” and a consensus price target of $448.72.

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.