Encompass Wealth Advisors LLC Takes $81,000 Position in Deere & Company (NYSE:DE)


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Encompass Wealth Advisors LLC acquired a new stake in Deere & Company (NYSE:DE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 300 shares of the industrial products company’s stock, valued at approximately $81,000.

Several other hedge funds also recently added to or reduced their stakes in DE. United Bank grew its position in Deere & Company by 12.7% during the 3rd quarter. United Bank now owns 4,353 shares of the industrial products company’s stock worth $965,000 after acquiring an additional 489 shares during the last quarter. Federated Hermes Inc. grew its position in Deere & Company by 11.9% during the 3rd quarter. Federated Hermes Inc. now owns 4,085 shares of the industrial products company’s stock worth $905,000 after acquiring an additional 433 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Deere & Company during the 3rd quarter worth approximately $1,511,000. ExodusPoint Capital Management LP grew its position in Deere & Company by 27.8% during the 3rd quarter. ExodusPoint Capital Management LP now owns 10,827 shares of the industrial products company’s stock worth $2,400,000 after acquiring an additional 2,357 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its position in Deere & Company by 36.8% during the 3rd quarter. State of Tennessee Treasury Department now owns 87,977 shares of the industrial products company’s stock worth $19,498,000 after acquiring an additional 23,651 shares during the last quarter. Institutional investors own 66.77% of the company’s stock.

Shares of NYSE DE opened at $374.79 on Thursday. The stock has a market capitalization of $117.47 billion, a price-to-earnings ratio of 43.08, a PEG ratio of 1.43 and a beta of 0.96. The business has a 50-day moving average of $357.42 and a 200-day moving average of $285.84. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.24 and a quick ratio of 2.03. Deere & Company has a fifty-two week low of $117.85 and a fifty-two week high of $392.42.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 18th. The industrial products company reported $3.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $1.70. The company had revenue of $8.05 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Deere & Company had a return on equity of 22.17% and a net margin of 7.74%. Deere & Company’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. On average, sell-side analysts expect that Deere & Company will post 13.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 10th. Stockholders of record on Wednesday, March 31st will be issued a $0.90 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $3.60 annualized dividend and a dividend yield of 0.96%. Deere & Company’s dividend payout ratio (DPR) is presently 41.43%.

DE has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on Deere & Company from $300.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, January 25th. Argus increased their price objective on Deere & Company from $280.00 to $380.00 and gave the company a “buy” rating in a research report on Monday, March 1st. Morgan Stanley increased their price target on Deere & Company from $341.00 to $394.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Barclays increased their price target on Deere & Company from $330.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Deere & Company from $287.00 to $360.00 and gave the company a “hold” rating in a research note on Monday, March 1st. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $320.20.

Deere & Company Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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