Hilltop Holdings Inc. Acquires 175 Shares of Deere & Company (NYSE:DE)

Hilltop Holdings Inc. grew its holdings in shares of Deere & Company (NYSE:DE) by 7.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,472 shares of the industrial products company’s stock after acquiring an additional 175 shares during the period. Hilltop Holdings Inc.’s holdings in Deere & Company were worth $1,032,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Cladis Investment Advisory LLC raised its stake in shares of Deere & Company by 3.2% during the third quarter. Cladis Investment Advisory LLC now owns 1,589 shares of the industrial products company’s stock valued at $663,000 after acquiring an additional 50 shares during the last quarter. Community Bank N.A. increased its position in shares of Deere & Company by 13.0% during the third quarter. Community Bank N.A. now owns 4,413 shares of the industrial products company’s stock worth $1,842,000 after buying an additional 507 shares during the period. Ascent Group LLC increased its position in shares of Deere & Company by 4.4% during the third quarter. Ascent Group LLC now owns 1,691 shares of the industrial products company’s stock worth $706,000 after buying an additional 71 shares during the period. Benjamin Edwards Inc. increased its position in shares of Deere & Company by 125.7% during the third quarter. Benjamin Edwards Inc. now owns 31,406 shares of the industrial products company’s stock worth $13,153,000 after buying an additional 17,490 shares during the period. Finally, Aureus Asset Management LLC acquired a new stake in shares of Deere & Company during the third quarter worth $5,327,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.7 %

Shares of NYSE DE opened at $456.26 on Thursday. The stock has a market capitalization of $124.83 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.98 and a beta of 0.96. The company has a 50-day moving average price of $416.28 and a 200-day moving average price of $389.51. Deere & Company has a 1 year low of $340.20 and a 1 year high of $469.39. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business’s revenue was down 32.8% on a year-over-year basis. During the same period last year, the company earned $8.26 earnings per share. On average, equities research analysts forecast that Deere & Company will post 19.52 EPS for the current fiscal year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.42%. Deere & Company’s dividend payout ratio (DPR) is presently 22.97%.

Analyst Ratings Changes

Several research firms have recently weighed in on DE. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. 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 cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Bank of America raised their price target on shares of Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Finally, Oppenheimer raised their price target on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $436.41.

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.