WealthPlan Investment Management LLC Raises Holdings in Deere & Company (NYSE:DE)

WealthPlan Investment Management LLC grew its holdings in Deere & Company (NYSE:DE) by 37.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,156 shares of the industrial products company’s stock after buying an additional 315 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Deere & Company were worth $490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DE. Creative Planning lifted its holdings in Deere & Company by 2.1% in the 3rd quarter. Creative Planning now owns 75,462 shares of the industrial products company’s stock worth $31,493,000 after buying an additional 1,555 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Deere & Company by 4.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,322 shares of the industrial products company’s stock worth $14,324,000 after acquiring an additional 1,523 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its position in shares of Deere & Company by 12.2% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 922 shares of the industrial products company’s stock worth $385,000 after acquiring an additional 100 shares in the last quarter. Accurate Wealth Management LLC raised its position in shares of Deere & Company by 28.0% in the 3rd quarter. Accurate Wealth Management LLC now owns 1,910 shares of the industrial products company’s stock worth $768,000 after acquiring an additional 418 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Deere & Company by 17.2% in the 3rd quarter. Blue Trust Inc. now owns 4,745 shares of the industrial products company’s stock worth $1,980,000 after acquiring an additional 696 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DE shares. Barclays increased their target price on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. UBS Group increased their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their target price on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Citigroup increased their target price on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $448.72.

Deere & Company Stock Up 3.0 %

Deere & Company stock opened at $480.17 on Friday. The firm has a market cap of $130.77 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.87 and a beta of 0.98. The stock has a fifty day simple moving average of $446.95 and a two-hundred day simple moving average of $416.21. Deere & Company has a 12 month low of $340.20 and a 12 month high of $485.84. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Equities analysts predict that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were paid a $1.62 dividend. This is an increase 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 1.35%. The ex-dividend date was Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is 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.