Valeo Financial Advisors LLC Buys 24 Shares of Deere & Company (NYSE:DE)

Valeo Financial Advisors LLC grew its stake in Deere & Company (NYSE:DE) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,019 shares of the industrial products company’s stock after purchasing an additional 24 shares during the period. Valeo Financial Advisors LLC’s holdings in Deere & Company were worth $3,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DE. Creative Planning grew its position in Deere & Company by 2.1% during the 3rd quarter. Creative Planning now owns 75,462 shares of the industrial products company’s stock worth $31,493,000 after acquiring an additional 1,555 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in Deere & Company by 0.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,098 shares of the industrial products company’s stock worth $1,293,000 after acquiring an additional 27 shares during the last quarter. Good Life Advisors LLC grew its position in Deere & Company by 12.2% during the 3rd quarter. Good Life Advisors LLC now owns 3,457 shares of the industrial products company’s stock worth $1,443,000 after acquiring an additional 376 shares during the last quarter. Cardinal Capital Management grew its position in Deere & Company by 1.0% during the 3rd quarter. Cardinal Capital Management now owns 27,475 shares of the industrial products company’s stock worth $11,506,000 after acquiring an additional 275 shares during the last quarter. Finally, Trust Co. of Vermont grew its position in Deere & Company by 3.7% during the 3rd quarter. Trust Co. of Vermont now owns 21,102 shares of the industrial products company’s stock worth $8,806,000 after acquiring an additional 747 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DE has been the topic of a number of research analyst reports. Barclays increased their price target on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Truist Financial reaffirmed a “buy” rating and set a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a report on Friday. Citigroup upped their price objective on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley upped their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, Oppenheimer upped their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Deere & Company has an average rating of “Hold” and an average target price of $448.72.

Deere & Company Stock Performance

DE stock opened at $480.17 on Friday. The business’s fifty day moving average is $446.23 and its 200-day moving average is $415.49. 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 company has a market cap of $130.77 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. Deere & Company has a twelve month low of $340.20 and a twelve month high of $485.84.

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

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

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.