1,024 Shares in Deere & Company (NYSE:DE) Bought by Visionary Horizons LLC

Visionary Horizons LLC bought a new position in Deere & Company (NYSE:DE) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,024 shares of the industrial products company’s stock, valued at approximately $410,000.

Other institutional investors also recently bought and sold shares of the company. Briaud Financial Planning Inc bought a new position in Deere & Company in the 3rd quarter worth $25,000. Retirement Group LLC raised its holdings in Deere & Company by 264.7% during the second quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 45 shares during the period. ZRC Wealth Management LLC bought a new stake in Deere & Company during the fourth quarter valued at about $28,000. Worth Asset Management LLC bought a new stake in Deere & Company during the first quarter valued at about $28,000. Finally, Milestone Investment Advisors LLC bought a new stake in Deere & Company during the third quarter valued at about $37,000. 68.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DE has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Evercore ISI raised their price target on Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. Citigroup decreased their price target on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Truist Financial assumed coverage on Deere & Company in a report on Thursday, March 14th. They issued a “buy” rating and a $494.00 target price on the stock. Finally, Morgan Stanley assumed coverage on Deere & Company in a report on Monday, January 8th. They issued an “overweight” rating and a $430.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Deere & Company has a consensus rating of “Hold” and an average target price of $431.28.

Deere & Company Trading Up 0.5 %

DE traded up $2.18 on Wednesday, hitting $406.18. The company had a trading volume of 1,077,301 shares, compared to its average volume of 1,515,675. The company has a market cap of $113.06 billion, a PE ratio of 11.82, a PEG ratio of 1.52 and a beta of 1.04. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The business’s fifty day simple moving average is $382.31 and its 200 day simple moving average is $381.39.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business had revenue of $10.49 billion during the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the previous year, the business earned $6.55 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Equities research analysts expect that Deere & Company will post 27.41 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 annualized dividend and a dividend yield of 1.45%. Deere & Company’s dividend payout ratio (DPR) is presently 17.12%.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.