Fiduciary Alliance LLC Has $707,000 Position in Deere & Company (NYSE:DE)

Fiduciary Alliance LLC increased its holdings in shares of Deere & Company (NYSE:DE) by 4.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,506 shares of the industrial products company’s stock after acquiring an additional 59 shares during the period. Fiduciary Alliance LLC’s holdings in Deere & Company were worth $707,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DE. Pineridge Advisors LLC grew its position in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 26 shares during the period. YANKCOM Partnership bought a new stake in Deere & Company in the 4th quarter valued at about $34,000. Orion Capital Management LLC acquired a new stake in Deere & Company during the fourth quarter worth approximately $34,000. Mascagni Wealth Management Inc. bought a new position in shares of Deere & Company in the fourth quarter worth $39,000. Finally, Dogwood Wealth Management LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at approximately $42,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DE has been the subject of a number of research analyst reports. DA Davidson reissued a “buy” rating and set a $542.00 price target on shares of Deere & Company in a report on Friday, May 16th. Robert W. Baird raised their price target on shares of Deere & Company from $501.00 to $514.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Citigroup lowered their price objective on Deere & Company from $550.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday. Truist Financial boosted their target price on shares of Deere & Company from $546.00 to $619.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, Oppenheimer boosted their price target on Deere & Company from $513.00 to $555.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $515.19.

Deere & Company Price Performance

Shares of NYSE:DE opened at $507.82 on Tuesday. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The stock’s fifty day simple moving average is $476.02 and its two-hundred day simple moving average is $463.74. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78. The stock has a market cap of $137.83 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.92. The business had revenue of $11.17 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business’s revenue was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.53 earnings per share. As a group, analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.28%. Deere & Company’s payout ratio is 31.35%.

Deere & 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.