Fagan Associates Inc. Has $1.43 Million Position in Deere & Company $DE

Fagan Associates Inc. lifted its position in Deere & Company (NYSE:DE) by 17.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,811 shares of the industrial products company’s stock after purchasing an additional 420 shares during the quarter. Fagan Associates Inc.’s holdings in Deere & Company were worth $1,429,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DE. Southland Equity Partners LLC grew its position in shares of Deere & Company by 3.9% during the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock worth $271,000 after buying an additional 20 shares during the period. Vivid Wealth Management LLC raised its holdings in Deere & Company by 1.9% during the second quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock worth $553,000 after acquiring an additional 20 shares in the last quarter. Werba Rubin Papier Wealth Management increased its holdings in Deere & Company by 3.0% during the second quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock worth $344,000 after buying an additional 20 shares during the last quarter. Prairie Wealth Advisors Inc. lifted its stake in Deere & Company by 2.1% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock valued at $492,000 after purchasing an additional 20 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Deere & Company by 1.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after acquiring an additional 21 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DE has been the subject of several recent research reports. Robert W. Baird cut their price target on Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Royal Bank Of Canada started coverage on shares of Deere & Company in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 target price on the stock. Wolfe Research lowered their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Truist Financial lifted their price target on shares of Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Citigroup cut their target price on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.72.

Deere & Company Trading Up 1.6%

Deere & Company stock opened at $475.08 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $128.43 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. The business’s fifty day simple moving average is $465.76 and its two-hundred day simple moving average is $490.64.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.Deere & Company’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.29 EPS. As a group, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 33.87%.

About Deere & Company

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.