Tyler Stone Wealth Management Acquires 573 Shares of Deere & Company (NYSE:DE)

Tyler Stone Wealth Management increased its holdings in Deere & Company (NYSE:DE) by 90.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,209 shares of the industrial products company’s stock after buying an additional 573 shares during the quarter. Tyler Stone Wealth Management’s holdings in Deere & Company were worth $505,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DE. Oppenheimer Asset Management Inc. raised its holdings in shares of Deere & Company by 20.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock valued at $5,906,000 after purchasing an additional 2,692 shares during the last quarter. Balentine LLC bought a new position in shares of Deere & Company during the 3rd quarter valued at $710,000. Royal Fund Management LLC boosted its stake in shares of Deere & Company by 99.8% in the 3rd quarter. Royal Fund Management LLC now owns 6,454 shares of the industrial products company’s stock worth $2,694,000 after buying an additional 3,223 shares during the last quarter. New Century Financial Group LLC bought a new stake in shares of Deere & Company in the third quarter worth $1,052,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Deere & Company in the second quarter worth $24,984,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on DE shares. Evercore ISI raised their target price on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Truist Financial boosted their price objective on shares of Deere & Company from $443.00 to $496.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Oppenheimer decreased their target price on Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Finally, Morgan Stanley cut their price target on Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $420.69.

Deere & Company Stock Down 4.2 %

DE opened at $394.06 on Monday. The company has a market capitalization of $107.81 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.54 and a beta of 0.93. The firm has a 50-day simple moving average of $403.02 and a two-hundred day simple moving average of $385.61. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. Deere & Company has a 52 week low of $340.20 and a 52 week high of $420.47.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating analysts’ consensus estimates of $5.63 by $0.66. The company had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The firm’s revenue was down 20.3% on a year-over-year basis. During the same period in the prior year, the company earned $10.20 earnings per share. Analysts forecast that Deere & Company will post 25 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Monday, September 30th. Deere & Company’s payout ratio is 20.06%.

Deere & 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.