Deere & Company (NYSE:DE) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its stake in Deere & Company (NYSE:DE) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,674 shares of the industrial products company’s stock after buying an additional 515 shares during the period. Perigon Wealth Management LLC’s holdings in Deere & Company were worth $8,200,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Patrick M Sweeney & Associates Inc. increased its holdings in shares of Deere & Company by 1.2% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 2,115 shares of the industrial products company’s stock valued at $896,000 after buying an additional 25 shares in the last quarter. BankPlus Wealth Management LLC bought a new position in shares of Deere & Company in the fourth quarter valued at $311,000. Nilsine Partners LLC increased its holdings in shares of Deere & Company by 11.4% in the fourth quarter. Nilsine Partners LLC now owns 5,225 shares of the industrial products company’s stock valued at $2,214,000 after buying an additional 536 shares in the last quarter. Berkshire Bank raised its stake in Deere & Company by 1.2% during the 4th quarter. Berkshire Bank now owns 3,489 shares of the industrial products company’s stock valued at $1,478,000 after purchasing an additional 40 shares during the period. Finally, Slow Capital Inc. raised its stake in Deere & Company by 1.7% during the 4th quarter. Slow Capital Inc. now owns 7,998 shares of the industrial products company’s stock valued at $3,393,000 after purchasing an additional 130 shares during the period. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DE shares. Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Morgan Stanley boosted their target price on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Truist Financial upped their price target on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Oppenheimer upped their price target on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, UBS Group upped their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Deere & Company has a consensus rating of “Hold” and an average price target of $442.83.

Deere & Company Trading Up 1.1 %

Shares of NYSE:DE opened at $484.08 on Tuesday. The stock has a market capitalization of $131.84 billion, a PE ratio of 18.91, a P/E/G ratio of 2.84 and a beta of 0.98. Deere & Company has a 1 year low of $340.20 and a 1 year high of $484.39. The firm has a fifty day moving average price of $438.55 and a 200 day moving average price of $406.44. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. During the same period in the prior year, the company posted $8.26 earnings per share. Deere & Company’s revenue for the quarter was down 32.8% on a year-over-year basis. Analysts expect that Deere & Company will post 19.34 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a $1.62 dividend. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is currently 25.31%.

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.