Roxbury Financial LLC Makes New $70,000 Investment in Deere & Company (NYSE:DE)

Roxbury Financial LLC bought a new position in Deere & Company (NYSE:DE) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 151 shares of the industrial products company’s stock, valued at approximately $70,000.

Several other hedge funds have also made changes to their positions in the company. Creative Planning lifted its stake in shares of Deere & Company by 2.1% during the 3rd quarter. Creative Planning now owns 75,462 shares of the industrial products company’s stock worth $31,493,000 after purchasing an additional 1,555 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Deere & Company by 4.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,322 shares of the industrial products company’s stock worth $14,324,000 after purchasing an additional 1,523 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its stake in shares of Deere & Company by 12.2% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 922 shares of the industrial products company’s stock worth $385,000 after purchasing an additional 100 shares during the last quarter. Accurate Wealth Management LLC lifted its stake in shares of Deere & Company by 28.0% during the 3rd quarter. Accurate Wealth Management LLC now owns 1,910 shares of the industrial products company’s stock worth $768,000 after purchasing an additional 418 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Deere & Company by 17.2% during the 3rd quarter. Blue Trust Inc. now owns 4,745 shares of the industrial products company’s stock worth $1,980,000 after purchasing an additional 696 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DE shares. Truist Financial restated a “buy” rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research note on Friday. UBS Group upped their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Morgan Stanley upped their target price on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Citigroup upped their target price on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $448.72.

Deere & Company Stock Up 3.0 %

Deere & Company stock opened at $480.17 on Friday. The firm has a market cap of $130.77 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $485.84. The business’s 50-day moving average price is $446.95 and its 200 day moving average price is $416.21. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. As a group, sell-side analysts anticipate that Deere & Company will post 19.38 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.35%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date was Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

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.