Deere & Company $DE Shares Acquired by Evermay Wealth Management LLC

Evermay Wealth Management LLC increased its holdings in Deere & Company (NYSE:DE) by 102.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 314 shares of the industrial products company’s stock after buying an additional 159 shares during the period. Evermay Wealth Management LLC’s holdings in Deere & Company were worth $160,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management boosted its holdings in shares of Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after buying an additional 55 shares during the period. Hughes Financial Services LLC acquired a new position in shares of Deere & Company in the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC boosted its stake in Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 36 shares during the period. Marshall & Sullivan Inc. WA bought a new position in Deere & Company in the 2nd quarter worth about $38,000. Finally, Livelsberger Financial Advisory bought a new position in Deere & Company in the 2nd quarter worth about $39,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on DE shares. UBS Group set a $535.00 target price on shares of Deere & Company and gave the stock a “buy” rating in a research report on Friday. DA Davidson decreased their target price on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Wolfe Research decreased their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Truist Financial upped their target price on shares of Deere & Company from $602.00 to $609.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group decreased their target price on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $517.35.

Deere & Company Trading Up 0.9%

Shares of NYSE:DE opened at $462.67 on Tuesday. The company has a 50 day moving average of $472.35 and a 200-day moving average of $488.11. The firm has a market cap of $125.07 billion, a P/E ratio of 24.19, a P/E/G ratio of 2.95 and a beta of 1.02. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78. 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 (NYSE:DE) last issued its quarterly 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 company had revenue of $10.36 billion during 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%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $6.29 EPS. As a group, analysts anticipate 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 Monday, November 10th. Investors 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 dividend payout ratio is currently 33.87%.

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.