Perryman Financial Advisory Inc. AD Makes New Investment in Deere & Company $DE

Perryman Financial Advisory Inc. AD bought a new position in shares of Deere & Company (NYSE:DE) in the fourth quarter, Holdings Channel.com reports. The firm bought 16,732 shares of the industrial products company’s stock, valued at approximately $7,790,000. Deere & Company accounts for 1.1% of Perryman Financial Advisory Inc. AD’s holdings, making the stock its 27th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DE. Strategic Advocates LLC bought a new position in Deere & Company during the third quarter worth about $25,000. Key Capital Management INC bought a new position in Deere & Company during the fourth quarter worth about $27,000. Timmons Wealth Management LLC bought a new position in Deere & Company during the fourth quarter worth about $29,000. McIlrath & Eck LLC bought a new position in Deere & Company during the fourth quarter worth about $30,000. Finally, Wealth Watch Advisors INC bought a new position in Deere & Company during the third quarter worth about $32,000. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DE. Oppenheimer reissued an “outperform” rating and issued a $680.00 price target (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Truist Financial lowered their price target on shares of Deere & Company from $793.00 to $759.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Barclays increased their price target on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Raymond James Financial lowered their price target on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Finally, Weiss Ratings raised shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $639.58.

Deere & Company Trading Down 0.1%

Shares of DE opened at $577.05 on Monday. The firm’s 50 day simple moving average is $573.27 and its 200 day simple moving average is $549.31. The company has a market capitalization of $155.77 billion, a P/E ratio of 32.69, a P/E/G ratio of 2.14 and a beta of 0.92. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. The business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. Deere & Company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $6.64 earnings per share. Sell-side analysts forecast that Deere & Company will post 18.13 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is currently 36.71%.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.