OneAscent Financial Services LLC Buys 39 Shares of Deere & Company (NYSE:DE)

OneAscent Financial Services LLC lifted its stake in Deere & Company (NYSE:DE) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,576 shares of the industrial products company’s stock after acquiring an additional 39 shares during the quarter. OneAscent Financial Services LLC’s holdings in Deere & Company were worth $1,515,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pineridge Advisors LLC boosted its holdings in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after buying an additional 26 shares during the last quarter. Modus Advisors LLC acquired a new position in Deere & Company during the fourth quarter worth $32,000. YANKCOM Partnership bought a new stake in Deere & Company during the fourth quarter worth $34,000. Synergy Asset Management LLC acquired a new stake in Deere & Company in the fourth quarter valued at $35,000. Finally, Sierra Ocean LLC bought a new position in shares of Deere & Company in the 4th quarter valued at about $44,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Baird R W lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Robert W. Baird reiterated a “neutral” rating and set a $501.00 target price on shares of Deere & Company in a research note on Monday, March 3rd. Evercore ISI increased their price target on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Finally, StockNews.com raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday. Fourteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Deere & Company currently has an average rating of “Hold” and a consensus target price of $460.00.

Deere & Company Trading Up 1.9 %

Shares of Deere & Company stock opened at $478.42 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 2.22 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. The company has a market capitalization of $129.85 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.14 and a beta of 1.01. The firm’s 50-day moving average price is $477.87 and its two-hundred day moving average price is $441.29.

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

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued 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 is Monday, March 31st. Deere & Company’s dividend payout ratio is presently 28.72%.

Insider Activity

In related news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.