Quotient Wealth Partners LLC Boosts Holdings in Deere & Company (NYSE:DE)

Quotient Wealth Partners LLC lifted its stake in shares of Deere & Company (NYSE:DE) by 31.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,171 shares of the industrial products company’s stock after acquiring an additional 279 shares during the period. Quotient Wealth Partners LLC’s holdings in Deere & Company were worth $496,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Empowered Funds LLC boosted its holdings in shares of Deere & Company by 20.8% in the 4th quarter. Empowered Funds LLC now owns 16,935 shares of the industrial products company’s stock valued at $7,175,000 after purchasing an additional 2,915 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Deere & Company by 2.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 22,001 shares of the industrial products company’s stock worth $9,322,000 after buying an additional 438 shares during the period. Arlington Financial Advisors LLC lifted its stake in shares of Deere & Company by 0.9% in the 4th quarter. Arlington Financial Advisors LLC now owns 10,467 shares of the industrial products company’s stock valued at $4,435,000 after purchasing an additional 89 shares in the last quarter. Kingsview Wealth Management LLC increased its position in Deere & Company by 32.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,507 shares of the industrial products company’s stock worth $2,333,000 after purchasing an additional 1,343 shares in the last quarter. Finally, Unison Asset Management LLC raised its holdings in Deere & Company by 2.6% in the fourth quarter. Unison Asset Management LLC now owns 4,425 shares of the industrial products company’s stock valued at $1,875,000 after buying an additional 112 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Truist Financial boosted their price target on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Citigroup dropped their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Oppenheimer upped their target price on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Barclays lifted their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company presently has a consensus rating of “Hold” and an average target price of $444.50.

Deere & Company Price Performance

NYSE DE opened at $465.63 on Monday. The business has a 50 day simple moving average of $445.00 and a 200 day simple moving average of $413.15. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a 52-week low of $340.20 and a 52-week high of $485.84. The stock has a market cap of $126.82 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 2.87 and a beta of 0.98.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same period in the prior year, the business earned $8.26 EPS. The company’s revenue for the quarter was down 32.8% compared to the same quarter last year. Analysts anticipate that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company’s dividend payout ratio is currently 25.31%.

Deere & Company Company Profile

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.