Csenge Advisory Group Has $1.09 Million Stake in Deere & Company (NYSE:DE)

Csenge Advisory Group grew its holdings in shares of Deere & Company (NYSE:DE) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,580 shares of the industrial products company’s stock after acquiring an additional 132 shares during the quarter. Csenge Advisory Group’s holdings in Deere & Company were worth $1,093,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DE. Pineridge Advisors LLC grew its holdings in Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 26 shares during the period. Livelsberger Financial Advisory bought a new position in shares of Deere & Company during the 3rd quarter worth about $32,000. Modus Advisors LLC bought a new position in shares of Deere & Company during the 4th quarter worth about $32,000. YANKCOM Partnership bought a new position in shares of Deere & Company during the 4th quarter worth about $34,000. Finally, Synergy Asset Management LLC bought a new position in shares of Deere & Company during the 4th quarter worth about $35,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Price Performance

Deere & Company stock opened at $480.17 on Tuesday. Deere & Company has a 52 week low of $340.20 and a 52 week high of $485.84. The company’s 50 day moving average price is $446.95 and its two-hundred day moving average price is $416.83. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The stock has a market cap of $130.77 billion, a P/E ratio of 18.76, a P/E/G ratio of 2.87 and a beta of 0.98.

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

Deere & Company Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DE. JPMorgan Chase & Co. increased their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research report on Friday, December 6th. Citigroup increased their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial reaffirmed a “buy” rating and issued a $546.00 price target (down previously from $550.00) on shares of Deere & Company in a research report on Friday. Finally, Morgan Stanley raised their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Hold” and an average target price of $450.12.

Deere & Company 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.