Monumental Financial Group Inc. Acquires 60 Shares of Deere & Company (NYSE:DE)

Monumental Financial Group Inc. grew its holdings in shares of Deere & Company (NYSE:DE) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,745 shares of the industrial products company’s stock after buying an additional 60 shares during the quarter. Monumental Financial Group Inc.’s holdings in Deere & Company were worth $1,098,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Deere & Company by 46,241.1% in the fourth quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock valued at $336,142,000 after acquiring an additional 838,813 shares during the period. FMR LLC raised its position in Deere & Company by 6.6% in the 3rd quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock worth $1,650,767,000 after purchasing an additional 269,571 shares during the period. Quadrature Capital Ltd lifted its stake in Deere & Company by 94.0% in the third quarter. Quadrature Capital Ltd now owns 301,396 shares of the industrial products company’s stock worth $113,759,000 after purchasing an additional 146,069 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of Deere & Company during the fourth quarter valued at approximately $43,384,000. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Deere & Company during the third quarter valued at approximately $38,876,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a report on Friday, February 16th. Melius Research restated a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Evercore ISI boosted their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Finally, Truist Financial began coverage on shares of Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 target price on the stock. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of “Hold” and a consensus price target of $433.28.

Deere & Company Stock Down 0.2 %

Deere & Company stock traded down $0.73 during trading hours on Friday, reaching $393.33. The stock had a trading volume of 998,338 shares, compared to its average volume of 1,243,125. The company has a market cap of $109.49 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.48 and a beta of 1.04. The business’s 50 day moving average price is $387.86 and its 200-day moving average price is $383.52. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same quarter in the previous year, the firm earned $6.55 EPS. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. Sell-side analysts anticipate that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be given a $1.47 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.49%. Deere & Company’s payout ratio is 17.12%.

Deere & Company Company Profile

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.