GHP Investment Advisors Inc. Reduces Holdings in Deere & Company (NYSE:DE)

GHP Investment Advisors Inc. lowered its position in Deere & Company (NYSE:DE) by 11.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 660 shares of the industrial products company’s stock after selling 83 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Deere & Company were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DE. Silver Oak Securities Incorporated boosted its position in Deere & Company by 32.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,276 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 313 shares during the period. YANKCOM Partnership purchased a new stake in shares of Deere & Company during the 4th quarter valued at approximately $34,000. Bleakley Financial Group LLC boosted its holdings in Deere & Company by 1.6% in the 4th quarter. Bleakley Financial Group LLC now owns 4,346 shares of the industrial products company’s stock worth $1,841,000 after buying an additional 70 shares during the period. Insight Advisors LLC PA grew its stake in Deere & Company by 2.8% in the 4th quarter. Insight Advisors LLC PA now owns 1,417 shares of the industrial products company’s stock valued at $602,000 after buying an additional 39 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its holdings in Deere & Company by 2.2% during 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 acquiring an additional 22 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Truist Financial raised their price target on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Jefferies Financial Group downgraded 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. Morgan Stanley upped their price target on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. UBS Group raised their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Finally, Oppenheimer upped their target price on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Deere & Company has an average rating of “Hold” and a consensus target price of $444.50.

Deere & Company Trading Up 0.1 %

Shares of DE stock opened at $465.63 on Friday. The business has a 50-day moving average price of $445.01 and a two-hundred day moving average price of $412.26. Deere & Company has a 12-month low of $340.20 and a 12-month high of $485.84. 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 $126.82 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 2.94 and a beta of 0.98.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.26 EPS. Equities analysts anticipate 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 will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. Deere & Company’s dividend payout ratio is 25.31%.

Deere & Company 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.