Stokes Family Office LLC Purchases 62 Shares of Deere & Company (NYSE:DE)

Stokes Family Office LLC lifted its position in shares of Deere & Company (NYSE:DE) by 8.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 769 shares of the industrial products company’s stock after acquiring an additional 62 shares during the quarter. Stokes Family Office LLC’s holdings in Deere & Company were worth $308,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bordeaux Wealth Advisors LLC increased its holdings in Deere & Company by 9.6% during the fourth quarter. Bordeaux Wealth Advisors LLC now owns 732 shares of the industrial products company’s stock valued at $293,000 after buying an additional 64 shares during the period. 9258 Wealth Management LLC raised its position in shares of Deere & Company by 9.8% in the 4th quarter. 9258 Wealth Management LLC now owns 1,975 shares of the industrial products company’s stock worth $790,000 after acquiring an additional 176 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Deere & Company by 143.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 14,071 shares of the industrial products company’s stock worth $5,626,000 after purchasing an additional 8,290 shares during the last quarter. Benjamin Edwards Inc. boosted its position in Deere & Company by 20.0% during the fourth quarter. Benjamin Edwards Inc. now owns 11,525 shares of the industrial products company’s stock valued at $4,609,000 after purchasing an additional 1,917 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Deere & Company by 0.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 173,667 shares of the industrial products company’s stock valued at $69,444,000 after purchasing an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of DE traded up $5.00 during mid-day trading on Friday, reaching $400.96. The company had a trading volume of 1,626,960 shares, compared to its average volume of 1,337,641. The stock has a 50 day moving average of $390.73 and a two-hundred day moving average of $383.84. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $111.61 billion, a P/E ratio of 11.67, a PEG ratio of 1.49 and a beta of 1.04. Deere & Company has a 52-week low of $345.55 and a 52-week high of $450.00.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The firm had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the firm earned $6.55 EPS. On average, analysts expect that Deere & Company will post 27.37 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s payout ratio is presently 17.12%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Melius downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price target on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Citigroup lowered their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Truist Financial started coverage on Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 target price on the stock. Finally, Wells Fargo & Company lowered their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Deere & Company presently has an average rating of “Hold” and a consensus price target of $433.28.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.