Lester Murray Antman dba SimplyRich Purchases 82 Shares of Deere & Company (NYSE:DE)

Lester Murray Antman dba SimplyRich increased its position in Deere & Company (NYSE:DE) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,024 shares of the industrial products company’s stock after buying an additional 82 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in Deere & Company were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pineridge Advisors LLC increased its position in shares of Deere & Company by 60.5% in the fourth 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. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company in the third quarter worth about $32,000. Modus Advisors LLC purchased a new position in Deere & Company during the 4th quarter valued at about $32,000. YANKCOM Partnership purchased a new position in Deere & Company during the 4th quarter valued at about $34,000. Finally, Synergy Asset Management LLC bought a new position in Deere & Company during the 4th quarter valued at approximately $35,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Up 1.0 %

NYSE DE opened at $474.79 on Wednesday. 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. The stock’s fifty day moving average price is $445.15 and its 200-day moving average price is $414.08. The stock has a market cap of $129.31 billion, a P/E ratio of 18.55, a P/E/G ratio of 2.87 and a beta of 0.98.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company’s revenue for the quarter was down 32.8% on a year-over-year basis. During the same period in the prior year, the firm posted $8.26 EPS. As a group, equities analysts forecast 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. Investors of record on Tuesday, December 31st were given a dividend of $1.62 per share. The ex-dividend date was Tuesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.36%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup reduced their target price on Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley boosted their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a report on Friday, December 6th. Truist Financial boosted their price target on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Deere & Company presently has an average rating of “Hold” and an average target price of $446.17.

About Deere & Company

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.