First Bancorp Inc ME Has $206,000 Holdings in Deere & Company (NYSE:DE)

First Bancorp Inc ME cut its holdings in Deere & Company (NYSE:DE) by 10.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 486 shares of the industrial products company’s stock after selling 56 shares during the quarter. First Bancorp Inc ME’s holdings in Deere & Company were worth $206,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. GSB Wealth Management LLC boosted its stake in Deere & Company by 35.1% in the fourth quarter. GSB Wealth Management LLC now owns 2,206 shares of the industrial products company’s stock valued at $935,000 after buying an additional 573 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its stake in shares of Deere & Company by 16.7% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 1,050 shares of the industrial products company’s stock valued at $445,000 after purchasing an additional 150 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Deere & Company by 11.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 11,079 shares of the industrial products company’s stock valued at $4,694,000 after purchasing an additional 1,119 shares in the last quarter. Southland Equity Partners LLC acquired a new stake in shares of Deere & Company during the fourth quarter valued at about $217,000. Finally, Crown Oak Advisors LLC boosted its stake in shares of Deere & Company by 0.9% during the fourth quarter. Crown Oak Advisors LLC now owns 24,198 shares of the industrial products company’s stock valued at $10,253,000 after purchasing an additional 214 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Up 0.9 %

DE stock opened at $478.90 on Friday. The stock’s fifty day simple moving average is $438.55 and its two-hundred day simple moving average is $405.66. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. Deere & Company has a 1-year low of $340.20 and a 1-year high of $479.48. The stock has a market cap of $130.43 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.84 and a beta of 0.98.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. During the same quarter in the prior year, the firm earned $8.26 EPS. The business’s revenue for the quarter was down 32.8% compared to the same quarter last year. Analysts expect that Deere & Company will post 19.34 EPS for the current year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Tuesday, December 31st. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is currently 25.31%.

Analyst Ratings Changes

A number of analysts have recently commented on DE shares. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a research note on Friday, December 6th. Truist Financial lifted their price target on Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Barclays lifted their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. UBS Group lifted their price target on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley lifted their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.