Silver Oak Securities Incorporated Has $542,000 Stock Holdings in Deere & Company (NYSE:DE)

Silver Oak Securities Incorporated increased its position in shares of Deere & Company (NYSE:DE) by 32.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,276 shares of the industrial products company’s stock after purchasing an additional 313 shares during the period. Silver Oak Securities Incorporated’s holdings in Deere & Company were worth $542,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in shares of Deere & Company during the fourth quarter worth approximately $34,000. Bleakley Financial Group LLC grew its position in Deere & Company by 1.6% during the 4th quarter. Bleakley Financial Group LLC now owns 4,346 shares of the industrial products company’s stock worth $1,841,000 after acquiring an additional 70 shares during the last quarter. Insight Advisors LLC PA increased its holdings in Deere & Company by 2.8% during the 4th quarter. Insight Advisors LLC PA now owns 1,417 shares of the industrial products company’s stock valued at $602,000 after purchasing an additional 39 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its position in Deere & Company by 2.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company’s stock valued at $426,000 after purchasing an additional 22 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its stake in Deere & Company by 4.2% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 961 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 39 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

DE has been the subject of a number of research reports. Barclays raised their target price on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. Truist Financial raised their price target on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Citigroup reduced their price objective on Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, UBS Group lifted their target price on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $444.50.

Deere & Company Stock Performance

Shares of DE opened at $465.63 on Friday. The company has a market cap of $126.82 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.94 and a beta of 0.98. The firm has a 50-day moving average of $445.01 and a 200-day moving average of $412.26. Deere & Company has a one year low of $340.20 and a one year high of $485.84. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90.

Deere & Company (NYSE:DE) last posted 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 business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Deere & Company’s quarterly revenue was down 32.8% on a year-over-year basis. During the same quarter last year, the company posted $8.26 earnings per share. As a group, equities analysts forecast that Deere & Company will post 19.38 earnings per share for the current 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 issued a dividend of $1.62 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. Deere & Company’s payout ratio is presently 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.