Mayfair Advisory Group LLC purchased a new position in Deere & Company (NYSE:DE – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 507 shares of the industrial products company’s stock, valued at approximately $215,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Breakwater Capital Group grew its stake in shares of Deere & Company by 2.8% in the fourth quarter. Breakwater Capital Group now owns 1,642 shares of the industrial products company’s stock worth $696,000 after acquiring an additional 44 shares during the last quarter. Tealwood Asset Management Inc. bought a new stake in Deere & Company during the 4th quarter valued at about $202,000. Dale Q Rice Investment Management Ltd bought a new position in shares of Deere & Company in the fourth quarter worth approximately $791,000. FNY Investment Advisers LLC lifted its stake in shares of Deere & Company by 657.1% in the fourth quarter. FNY Investment Advisers LLC now owns 5,300 shares of the industrial products company’s stock worth $2,245,000 after buying an additional 4,600 shares in the last quarter. Finally, BCS Wealth Management purchased a new stake in shares of Deere & Company during the fourth quarter valued at approximately $287,000. Institutional investors own 68.58% of the company’s stock.
Deere & Company Stock Up 0.5 %
Shares of DE stock opened at $432.17 on Wednesday. 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 has a one year low of $340.20 and a one year high of $469.39. The company’s fifty day moving average price is $429.20 and its 200-day moving average price is $400.87. The company has a market capitalization of $118.24 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.88 and a beta of 0.96.
Deere & Company Increases Dividend
The business also recently disclosed 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 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 yield of 1.50%. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is 22.97%.
Analyst Upgrades and Downgrades
DE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Oppenheimer increased their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Barclays lifted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Truist Financial increased their price target on Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, UBS Group lifted their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $441.72.
Read Our Latest Research Report on DE
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.
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