City State Bank Has $1.25 Million Holdings in Deere & Company (NYSE:DE)

City State Bank lifted its holdings in Deere & Company (NYSE:DEFree Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,943 shares of the industrial products company’s stock after purchasing an additional 82 shares during the period. City State Bank’s holdings in Deere & Company were worth $1,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. lifted its position in Deere & Company by 9.7% during the 2nd quarter. American Century Companies Inc. now owns 250,298 shares of the industrial products company’s stock worth $93,519,000 after acquiring an additional 22,160 shares during the last quarter. Federated Hermes Inc. lifted its position in Deere & Company by 2.1% during the 2nd quarter. Federated Hermes Inc. now owns 15,896 shares of the industrial products company’s stock worth $5,939,000 after acquiring an additional 332 shares during the last quarter. Thoroughbred Financial Services LLC lifted its position in Deere & Company by 51.6% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,720 shares of the industrial products company’s stock worth $1,016,000 after acquiring an additional 926 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Deere & Company by 20.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock worth $5,906,000 after acquiring an additional 2,692 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Deere & Company by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 303,541 shares of the industrial products company’s stock worth $113,412,000 after acquiring an additional 34,262 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Citigroup upped their price objective on shares of Deere & Company from $460.00 to $470.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. UBS Group upped their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Truist Financial upped their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research report on Friday, December 6th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Deere & Company currently has a consensus rating of “Hold” and a consensus target price of $443.94.

Read Our Latest Analysis on Deere & Company

Deere & Company Price Performance

Deere & Company stock traded up $14.01 during trading hours on Monday, hitting $422.58. 411,866 shares of the stock were exchanged, compared to its average volume of 1,012,824. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The stock has a market capitalization of $115.62 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.88 and a beta of 0.96. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The business’s 50-day moving average is $427.99 and its two-hundred day moving average is $400.08.

Deere & Company (NYSE:DEGet Free Report) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. During the same period in the prior year, the firm earned $8.26 earnings per share. The company’s quarterly revenue was down 32.8% compared to the same quarter last year. Equities research analysts expect that Deere & Company will post 19.41 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.53%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio is presently 22.97%.

About Deere & Company

(Free Report)

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.

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

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