Deere & Company (NYSE:DE) Shares Purchased by Allied Investment Advisors LLC

Allied Investment Advisors LLC raised its stake in Deere & Company (NYSE:DE) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,348 shares of the industrial products company’s stock after purchasing an additional 217 shares during the period. Deere & Company comprises 2.2% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Allied Investment Advisors LLC’s holdings in Deere & Company were worth $11,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pineridge Advisors LLC lifted its position in shares of Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Modus Advisors LLC acquired a new stake in Deere & Company in the fourth quarter valued at $32,000. YANKCOM Partnership purchased a new stake in Deere & Company during the 4th quarter worth about $34,000. Synergy Asset Management LLC acquired a new position in shares of Deere & Company during the 4th quarter worth about $35,000. Finally, Continuum Advisory LLC increased its holdings in shares of Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DE shares. Oppenheimer upped their price target on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. Truist Financial reissued a “buy” rating and issued a $546.00 price target (down from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. UBS Group raised their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, Morgan Stanley boosted their target price on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $450.12.

Deere & Company Stock Up 4.4 %

Shares of NYSE:DE opened at $501.40 on Wednesday. The company has a market cap of $136.56 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.87 and a beta of 0.98. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $502.10. The firm’s 50-day simple moving average is $448.71 and its 200-day simple moving average is $418.73. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. As a group, equities research analysts predict that Deere & Company will post 19.38 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were given a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date was Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.29%. Deere & Company’s dividend payout ratio is presently 28.72%.

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.