Tyler Stone Wealth Management Buys 21 Shares of Deere & Company (NYSE:DE)

Tyler Stone Wealth Management raised its stake in Deere & Company (NYSE:DE) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,230 shares of the industrial products company’s stock after buying an additional 21 shares during the period. Tyler Stone Wealth Management’s holdings in Deere & Company were worth $577,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its stake in shares of Deere & Company by 58.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company’s stock valued at $6,395,000 after purchasing an additional 5,053 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Deere & Company by 10.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company’s stock valued at $3,863,000 after purchasing an additional 798 shares in the last quarter. Providence Capital Advisors LLC boosted its stake in shares of Deere & Company by 2.1% in the 1st quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock valued at $6,871,000 after purchasing an additional 303 shares in the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in shares of Deere & Company in the 1st quarter valued at $13,588,000. Finally, Stratos Investment Management LLC purchased a new stake in shares of Deere & Company in the 1st quarter valued at $271,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 2.1%

NYSE:DE opened at $488.68 on Friday. The company has a 50-day moving average price of $511.18 and a 200-day moving average price of $489.97. Deere & Company has a 12 month low of $371.16 and a 12 month high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76. The stock has a market cap of $132.35 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 3.10 and a beta of 1.06.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the company posted $6.29 EPS. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, June 30th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 30th. Deere & Company’s dividend payout ratio (DPR) is currently 31.35%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of research reports. Barclays upped their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Truist Financial cut their price objective on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating for the company in a research note on Friday. Oppenheimer increased their price target on shares of Deere & Company from $560.00 to $566.00 and gave the company an “outperform” rating in a research report on Friday. Melius raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Finally, Bank of America increased their price target 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. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Deere & Company presently has an average rating of “Hold” and a consensus price target of $521.47.

Deere & Company 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.