Householder Group Estate & Retirement Specialist LLC Trims Holdings in Deere & Company (NYSE:DE)

Householder Group Estate & Retirement Specialist LLC lowered its position in Deere & Company (NYSE:DE) by 79.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 296 shares of the industrial products company’s stock after selling 1,145 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Deere & Company were worth $125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Edgestream Partners L.P. acquired a new position in Deere & Company during the second quarter valued at $216,000. Kendall Capital Management raised its stake in shares of Deere & Company by 3.6% during the 2nd quarter. Kendall Capital Management now owns 1,453 shares of the industrial products company’s stock valued at $543,000 after buying an additional 50 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Deere & Company by 6.4% in the 2nd quarter. Brighton Jones LLC now owns 6,219 shares of the industrial products company’s stock valued at $2,324,000 after buying an additional 372 shares during the period. Ieq Capital LLC boosted its stake in shares of Deere & Company by 5.1% in the second quarter. Ieq Capital LLC now owns 15,345 shares of the industrial products company’s stock worth $5,733,000 after buying an additional 751 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Deere & Company by 2.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 16,147 shares of the industrial products company’s stock worth $6,033,000 after acquiring an additional 362 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 4.0 %

Shares of DE stock opened at $456.57 on Friday. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $469.39. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The stock’s fifty day moving average is $430.22 and its two-hundred day moving average is $401.33. The firm has a market capitalization of $124.00 billion, a P/E ratio of 17.83, a PEG ratio of 1.74 and a beta of 0.98.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.66. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company’s revenue for the quarter was down 32.8% on a year-over-year basis. During the same period last year, the firm posted $8.26 earnings per share. Research analysts expect that Deere & Company will post 19.57 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Tuesday, December 31st. Deere & Company’s payout ratio is currently 25.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DE shares. Oppenheimer upped their price objective on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Truist Financial increased their price target on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Wednesday. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research report on Friday, December 6th. Finally, UBS Group raised their target price on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $442.83.

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.