Deere & Company (NYSE:DE) Shares Acquired by Geller Advisors LLC

Geller Advisors LLC boosted its holdings in Deere & Company (NYSE:DE) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 770 shares of the industrial products company’s stock after purchasing an additional 44 shares during the quarter. Geller Advisors LLC’s holdings in Deere & Company were worth $322,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in shares of Deere & Company in the 2nd quarter worth about $26,000. Livelsberger Financial Advisory bought a new position in Deere & Company in the third quarter worth about $32,000. Centennial Bank AR lifted its holdings in Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares during the last quarter. Briaud Financial Planning Inc grew its holdings in shares of Deere & Company by 73.5% during the second quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 50 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Deere & Company during the 3rd quarter worth approximately $47,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DE shares. Oppenheimer increased their target price on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Bank of America lifted their price objective on shares of Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Hsbc Global Res cut Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. JPMorgan Chase & Co. lifted their target price on Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley increased their price target on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $443.28.

Deere & Company Stock Up 1.2 %

Shares of Deere & Company stock opened at $449.27 on Tuesday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $469.39. The firm has a market capitalization of $122.92 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The stock’s fifty day moving average is $418.17 and its 200-day moving average is $390.83.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the previous year, the company earned $8.26 EPS. The business’s revenue for the quarter was down 32.8% compared to the same quarter last year. Equities analysts anticipate that Deere & Company will post 19.52 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.44%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company’s payout ratio is presently 22.97%.

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.