Vise Technologies Inc. Has $1.42 Million Position in Deere & Company (NYSE:DE)

Vise Technologies Inc. lifted its stake in shares of Deere & Company (NYSE:DE) by 31.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,340 shares of the industrial products company’s stock after acquiring an additional 795 shares during the period. Vise Technologies Inc.’s holdings in Deere & Company were worth $1,415,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DE. Robertson Stephens Wealth Management LLC increased its stake in shares of Deere & Company by 2.2% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company’s stock worth $426,000 after buying an additional 22 shares during the period. Quent Capital LLC increased its stake in shares of Deere & Company by 2.8% in the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company’s stock worth $377,000 after buying an additional 24 shares during the period. Valeo Financial Advisors LLC increased its stake in shares of Deere & Company by 0.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company’s stock worth $3,398,000 after buying an additional 24 shares during the period. Patrick M Sweeney & Associates Inc. increased its stake in shares of Deere & Company by 1.2% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 2,115 shares of the industrial products company’s stock worth $896,000 after buying an additional 25 shares during the period. Finally, Massachusetts Wealth Management increased its stake in shares of Deere & Company by 0.5% in the fourth quarter. Massachusetts Wealth Management now owns 5,127 shares of the industrial products company’s stock worth $2,172,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

DE opened at $509.83 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The stock has a market capitalization of $138.37 billion, a P/E ratio of 22.60, a P/E/G ratio of 2.14 and a beta of 1.08. The company’s 50-day simple moving average is $472.60 and its two-hundred day simple moving average is $458.36. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The firm had revenue of $11.17 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the business earned $8.53 EPS. The business’s quarterly revenue was down 17.9% on a year-over-year basis. As a group, analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Monday, March 31st were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is presently 31.35%.

Analyst Ratings Changes

DE has been the topic of a number of research analyst reports. Argus set a $510.00 price objective on shares of Deere & Company in a research report on Friday, March 7th. Truist Financial boosted their price objective on shares of Deere & Company from $546.00 to $619.00 and gave the company a “buy” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $490.00 to $540.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Barclays boosted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Finally, Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Thursday. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $516.75.

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.