TFO Wealth Partners LLC Buys 1,426 Shares of Deere & Company (NYSE:DE)

TFO Wealth Partners LLC raised its stake in shares of Deere & Company (NYSE:DEFree Report) by 47,533.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,429 shares of the industrial products company’s stock after buying an additional 1,426 shares during the quarter. TFO Wealth Partners LLC’s holdings in Deere & Company were worth $571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DE. ZRC Wealth Management LLC bought a new stake in shares of Deere & Company in the fourth quarter worth about $28,000. Rakuten Securities Inc. bought a new stake in Deere & Company during the 4th quarter worth approximately $28,000. Naples Money Management LLC acquired a new stake in Deere & Company during the 4th quarter worth approximately $29,000. Private Wealth Management Group LLC bought a new position in Deere & Company in the fourth quarter valued at approximately $29,000. Finally, Bfsg LLC bought a new position in Deere & Company in the fourth quarter valued at approximately $30,000. 68.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Daiwa Capital Markets boosted their price target on Deere & Company from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. DA Davidson cut their target price on Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Citigroup decreased their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Morgan Stanley boosted their price objective on shares of Deere & Company from $430.00 to $450.00 in a research report on Wednesday, May 15th. Finally, TD Cowen increased their target price on shares of Deere & Company from $383.00 to $390.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus price target of $432.92.

View Our Latest Analysis on Deere & Company

Deere & Company Trading Up 0.7 %

Shares of NYSE:DE opened at $371.09 on Friday. The business’s 50 day simple moving average is $397.94 and its 200 day simple moving average is $386.36. Deere & Company has a 1 year low of $345.55 and a 1 year high of $450.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The company has a market capitalization of $103.30 billion, a P/E ratio of 11.09, a P/E/G ratio of 1.46 and a beta of 1.04.

Deere & Company (NYSE:DEGet Free Report) last released its earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, topping the consensus estimate of $7.86 by $0.67. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The firm had revenue of $13.61 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the prior year, the company earned $9.65 earnings per share. The company’s quarterly revenue was down 15.4% on a year-over-year basis. On average, research analysts anticipate that Deere & Company will post 25.8 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 28th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, June 28th. Deere & Company’s dividend payout ratio (DPR) is currently 17.70%.

Deere & Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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