Inspirion Wealth Advisors LLC Has $849,000 Stock Holdings in Deere & Company (NYSE:DE)

Inspirion Wealth Advisors LLC lowered its holdings in shares of Deere & Company (NYSE:DE) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,054 shares of the industrial products company’s stock after selling 48 shares during the period. Inspirion Wealth Advisors LLC’s holdings in Deere & Company were worth $849,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Federated Hermes Inc. increased its position in Deere & Company by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 15,896 shares of the industrial products company’s stock valued at $5,939,000 after buying an additional 332 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Deere & Company during the second quarter worth approximately $216,000. Waterloo Capital L.P. raised its position in shares of Deere & Company by 23.3% during the second quarter. Waterloo Capital L.P. now owns 1,717 shares of the industrial products company’s stock worth $642,000 after purchasing an additional 325 shares during the period. Foresight Group Ltd Liability Partnership lifted its holdings in shares of Deere & Company by 113.0% in the 2nd quarter. Foresight Group Ltd Liability Partnership now owns 2,418 shares of the industrial products company’s stock worth $903,000 after purchasing an additional 1,283 shares in the last quarter. Finally, Garner Asset Management Corp grew its position in Deere & Company by 1.1% in the 2nd quarter. Garner Asset Management Corp now owns 2,799 shares of the industrial products company’s stock valued at $1,046,000 after purchasing an additional 31 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Up 2.4 %

Shares of NYSE DE opened at $439.29 on Friday. The business has a 50-day simple moving average of $429.66 and a two-hundred day simple moving average of $401.06. The company has a market cap of $119.30 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.74 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. 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 issued its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business’s revenue for the quarter was down 32.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.26 EPS. Research analysts anticipate that Deere & Company will post 19.57 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DE. Oppenheimer raised their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Citigroup cut their price target on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a report on Tuesday. Morgan Stanley boosted their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Barclays upped their price objective on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Truist Financial boosted their price target on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $442.83.

Deere & 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.