Dynasty Wealth Management LLC Acquires 59 Shares of Deere & Company (NYSE:DE)

Dynasty Wealth Management LLC raised its holdings in shares of Deere & Company (NYSE:DE) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,876 shares of the industrial products company’s stock after acquiring an additional 59 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Deere & Company were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA raised its stake in shares of Deere & Company by 7.1% during the 4th quarter. Private Trust Co. NA now owns 2,463 shares of the industrial products company’s stock valued at $1,044,000 after purchasing an additional 163 shares during the period. First American Bank grew its holdings in Deere & Company by 9.0% during the 4th quarter. First American Bank now owns 6,035 shares of the industrial products company’s stock valued at $2,557,000 after buying an additional 496 shares in the last quarter. Pettyjohn Wood & White Inc. bought a new stake in shares of Deere & Company during the fourth quarter valued at about $244,000. QRG Capital Management Inc. lifted its holdings in shares of Deere & Company by 8.6% in the fourth quarter. QRG Capital Management Inc. now owns 32,539 shares of the industrial products company’s stock worth $13,787,000 after buying an additional 2,569 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Deere & Company by 52,200.3% in the fourth quarter. Proficio Capital Partners LLC now owns 530,848 shares of the industrial products company’s stock valued at $224,920,000 after acquiring an additional 529,833 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.1 %

Shares of NYSE:DE opened at $480.25 on Friday. The stock has a market capitalization of $130.80 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98. The stock’s 50-day moving average price is $456.95 and its 200-day moving average price is $425.63. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s payout ratio is 28.72%.

Analyst Ratings Changes

A number of analysts recently weighed in on DE shares. Truist Financial reaffirmed a “buy” rating and set a $546.00 target price (down previously from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Evercore ISI upped their price target on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. UBS Group increased their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. boosted 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, StockNews.com cut Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $454.65.

Insider Buying and Selling at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.

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.