IHT Wealth Management LLC Increases Stock Holdings in Deere & Company (NYSE:DE)

IHT Wealth Management LLC increased its holdings in shares of Deere & Company (NYSE:DE) by 28.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,630 shares of the industrial products company’s stock after buying an additional 1,925 shares during the quarter. IHT Wealth Management LLC’s holdings in Deere & Company were worth $3,600,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new stake in Deere & Company during the second quarter valued at about $26,000. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company during the 3rd quarter worth about $32,000. Centennial Bank AR increased its position in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 84 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Deere & Company in the third quarter valued at approximately $47,000. Finally, Briaud Financial Planning Inc lifted its position in Deere & Company by 73.5% during the second quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company’s stock valued at $44,000 after buying an additional 50 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Stock Down 0.8 %

NYSE:DE opened at $459.27 on Wednesday. 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 company has a market capitalization of $125.66 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The stock has a 50-day simple moving average of $415.29 and a 200 day simple moving average of $389.04.

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. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business’s revenue was down 32.8% on a year-over-year basis. During the same quarter last year, the firm earned $8.26 EPS. Sell-side analysts predict that Deere & Company will post 19.52 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.41%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is 22.97%.

Analyst Upgrades and Downgrades

DE has been the subject of several recent research reports. Truist Financial increased their price objective on shares of Deere & Company from $496.00 to $538.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Hsbc Global Res lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their target price on Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Citigroup raised their target price on Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, UBS Group upped their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $436.41.

About Deere & Company

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.