Baron Silver Stevens Financial Advisors LLC Acquires 32 Shares of Deere & Company $DE

Baron Silver Stevens Financial Advisors LLC boosted its holdings in Deere & Company (NYSE:DE) by 4.1% during the 2nd quarter, Holdings Channel reports. The firm owned 807 shares of the industrial products company’s stock after acquiring an additional 32 shares during the period. Baron Silver Stevens Financial Advisors LLC’s holdings in Deere & Company were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Activest Wealth Management raised its position in Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 55 shares during the period. Hughes Financial Services LLC bought a new position in shares of Deere & Company during the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC increased its stake in shares of Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 36 shares during the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of Deere & Company during the 2nd quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $39,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Oppenheimer reduced their price objective on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Melius upgraded Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Daiwa Capital Markets lowered their price objective on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research note on Thursday. Truist Financial dropped their price objective on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Finally, Robert W. Baird reduced their target price on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $518.06.

Deere & Company Price Performance

DE stock opened at $463.93 on Monday. The firm has a 50 day moving average of $489.67 and a 200-day moving average of $489.95. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. The firm has a market capitalization of $125.41 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 2.99 and a beta of 1.00.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. Deere & Company’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.29 EPS. As a group, sell-side analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.4%. Deere & Company’s payout ratio is 33.87%.

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.