Captrust Financial Advisors Raises Stake in Deere & Company (NYSE:DE)

Captrust Financial Advisors boosted its holdings in shares of Deere & Company (NYSE:DE) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 155,184 shares of the industrial products company’s stock after buying an additional 4,051 shares during the quarter. Captrust Financial Advisors owned 0.06% of Deere & Company worth $64,763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DE. Fairscale Capital LLC acquired a new position in shares of Deere & Company in the 2nd quarter valued at about $26,000. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company during the 3rd quarter worth approximately $32,000. Olistico Wealth LLC acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $37,000. Centennial Bank AR increased 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, Briaud Financial Planning Inc lifted its stake in shares of Deere & Company by 73.5% in the 2nd quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 50 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on shares of Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price target on Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Hsbc Global Res lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Morgan Stanley upped their target price on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Evercore ISI boosted their price target on shares of Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a report on Monday, August 19th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $436.41.

Deere & Company Stock Performance

NYSE DE opened at $466.00 on Friday. The stock has a fifty day simple moving average of $412.04 and a 200-day simple moving average of $388.07. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The stock has a market cap of $127.50 billion, a PE ratio of 18.20, a P/E/G ratio of 1.99 and a beta of 0.93. Deere & Company has a twelve month low of $340.20 and a twelve month high of $469.39.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. During the same period last year, the business earned $8.26 earnings per share. The business’s revenue for the quarter was down 32.8% on a year-over-year basis. Equities analysts anticipate that Deere & Company will post 19.52 earnings per share for the current year.

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.