Venture Visionary Partners LLC Has $2.32 Million Stock Position in Deere & Company $DE

Venture Visionary Partners LLC increased its stake in shares of Deere & Company (NYSE:DE) by 30.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,978 shares of the industrial products company’s stock after acquiring an additional 1,157 shares during the period. Venture Visionary Partners LLC’s holdings in Deere & Company were worth $2,318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Advocates LLC acquired a new stake in shares of Deere & Company during the third quarter worth $25,000. Key Capital Management INC acquired a new stake in shares of Deere & Company during the fourth quarter worth $27,000. Timmons Wealth Management LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth $29,000. McIlrath & Eck LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth $30,000. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Deere & Company during the third quarter worth $32,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Down 0.3%

Shares of DE stock opened at $575.87 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The firm’s fifty day moving average price is $573.28 and its two-hundred day moving average price is $549.86. The firm has a market capitalization of $155.45 billion, a P/E ratio of 32.63, a PEG ratio of 2.14 and a beta of 0.92.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same period in the previous year, the business earned $6.64 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Deere & Company will post 18.13 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s payout ratio is presently 36.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Raymond James Financial dropped their price objective on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Citigroup dropped their price objective on shares of Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Truist Financial dropped their price objective on shares of Deere & Company from $793.00 to $759.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. UBS Group raised their price objective on shares of Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Jefferies Financial Group upgraded shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price objective on the stock in a report on Wednesday, April 8th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $639.58.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.