Nations Financial Group Inc. IA ADV Has $3.01 Million Stake in Deere & Company (NYSE:DE)

Nations Financial Group Inc. IA ADV decreased its holdings in shares of Deere & Company (NYSE:DE) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,111 shares of the industrial products company’s stock after selling 122 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Deere & Company were worth $3,013,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Spinnaker Trust grew its position in shares of Deere & Company by 1.1% during the 4th quarter. Spinnaker Trust now owns 14,089 shares of the industrial products company’s stock worth $5,970,000 after buying an additional 154 shares during the period. ABC Arbitrage SA acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $1,219,000. Quadrant Private Wealth Management LLC grew its position in shares of Deere & Company by 11.8% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 1,014 shares of the industrial products company’s stock worth $431,000 after buying an additional 107 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Deere & Company by 0.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company’s stock worth $3,398,000 after buying an additional 24 shares during the period. Finally, Asset Planning Inc acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of DE stock opened at $480.17 on Friday. The company’s fifty day simple moving average is $446.23 and its 200-day simple moving average is $415.49. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The firm has a market cap of $130.77 billion, a PE ratio of 18.76, a P/E/G ratio of 2.87 and a beta of 0.98. Deere & Company has a 12 month low of $340.20 and a 12 month high of $485.84.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Equities research analysts expect that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s payout ratio is currently 25.31%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays boosted their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a report on Friday, December 6th. Citigroup boosted their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley boosted their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, Truist Financial restated a “buy” rating and set a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a report on Friday. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $448.72.

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.