Tealwood Asset Management Inc. Takes $202,000 Position in Deere & Company (NYSE:DE)

Tealwood Asset Management Inc. acquired a new position in shares of Deere & Company (NYSE:DE) during the 4th quarter, Holdings Channel reports. The fund acquired 476 shares of the industrial products company’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in shares of Deere & Company in the 2nd quarter valued at $26,000. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company in the third quarter worth about $32,000. Modus Advisors LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth about $32,000. Centennial Bank AR lifted its holdings in shares of Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares in the last quarter. Finally, Continuum Advisory LLC increased its stake in Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE DE opened at $430.17 on Tuesday. 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 business’s 50 day moving average price is $428.56 and its two-hundred day moving average price is $400.45. The company has a market cap of $117.69 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. Deere & Company has a twelve month low of $340.20 and a twelve month high of $469.39.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same period in the previous year, the company posted $8.26 EPS. The firm’s revenue for the quarter was down 32.8% compared to the same quarter last year. On average, analysts predict that Deere & Company will post 19.41 EPS for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.51%. Deere & Company’s dividend payout ratio is presently 22.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Truist Financial upped their price target on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a report on Friday, December 6th. Finally, Morgan Stanley increased their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Deere & Company currently has an average rating of “Hold” and a consensus price target of $443.94.

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.