Deere & Company (NYSE:DE) Holdings Increased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated grew its stake in shares of Deere & Company (NYSE:DE) by 38.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,362 shares of the industrial products company’s stock after buying an additional 377 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Deere & Company were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Briaud Financial Planning Inc bought a new stake in shares of Deere & Company during the 3rd quarter worth about $25,000. Rakuten Securities Inc. bought a new stake in shares of Deere & Company during the 4th quarter worth about $28,000. Naples Money Management LLC bought a new stake in shares of Deere & Company during the 4th quarter worth about $29,000. Bfsg LLC bought a new stake in shares of Deere & Company during the 4th quarter worth about $30,000. Finally, ZRC Wealth Management LLC bought a new stake in shares of Deere & Company during the 4th quarter worth about $28,000. 68.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on DE shares. Truist Financial started coverage on shares of Deere & Company in a report on Thursday, March 14th. They issued a “buy” rating and a $494.00 target price on the stock. Evercore ISI boosted their target price on shares of Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Citigroup dropped their target price on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Finally, Stifel Nicolaus dropped their target price on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Deere & Company currently has an average rating of “Hold” and an average price target of $433.28.

Deere & Company Price Performance

NYSE:DE opened at $400.91 on Tuesday. The stock has a market cap of $111.60 billion, a P/E ratio of 11.67, a PEG ratio of 1.48 and a beta of 1.04. Deere & Company has a one year low of $345.55 and a one year high of $450.00. The company has a fifty day moving average price of $388.66 and a 200 day moving average price of $383.65. 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 released its earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, beating the consensus estimate of $5.19 by $1.04. The firm had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $6.55 EPS. Analysts anticipate that Deere & Company will post 27.37 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s payout ratio is currently 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.