Shepherd Financial Partners LLC Has $1.20 Million Stake in Deere & Company (NYSE:DE)

Shepherd Financial Partners LLC grew its holdings in Deere & Company (NYSE:DE) by 4.1% during the 1st quarter, HoldingsChannel reports. The firm owned 2,553 shares of the industrial products company’s stock after acquiring an additional 101 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Deere & Company were worth $1,198,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Coppell Advisory Solutions LLC grew its stake in Deere & Company by 2.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company’s stock valued at $432,000 after acquiring an additional 25 shares during the period. Glen Eagle Advisors LLC raised its position in shares of Deere & Company by 0.9% during the fourth quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company’s stock worth $1,244,000 after purchasing an additional 25 shares during the period. Deseret Mutual Benefit Administrators lifted its holdings in shares of Deere & Company by 8.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 342 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 26 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Deere & Company by 0.3% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 7,565 shares of the industrial products company’s stock valued at $3,205,000 after purchasing an additional 26 shares in the last quarter. Finally, LRI Investments LLC grew its position in shares of Deere & Company by 1.1% in the 4th quarter. LRI Investments LLC now owns 2,442 shares of the industrial products company’s stock valued at $1,035,000 after purchasing an additional 26 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Down 0.3%

Shares of Deere & Company stock opened at $523.08 on Wednesday. The stock has a market cap of $141.67 billion, a P/E ratio of 25.31, a P/E/G ratio of 3.33 and a beta of 1.09. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. Deere & Company has a 12-month low of $340.20 and a 12-month high of $533.78. The business’s 50 day moving average is $490.87 and its 200-day moving average is $469.33.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating analysts’ consensus estimates of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The firm had revenue of $11.17 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter last year, the company posted $8.53 earnings per share. The company’s revenue for the quarter was down 17.9% compared to the same quarter last year. Equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a $1.62 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.24%. Deere & Company’s dividend payout ratio (DPR) is currently 31.35%.

Wall Street Analyst Weigh In

DE has been the subject of a number of research reports. Raymond James Financial increased their target price on Deere & Company from $530.00 to $560.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Wall Street Zen cut shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Friday, May 30th. Truist Financial raised their price objective on shares of Deere & Company from $546.00 to $619.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Bank of America boosted their price objective on shares of Deere & Company from $495.00 to $556.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Argus set a $510.00 target price on Deere & Company in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $515.19.

About Deere & Company

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.