Signature Estate & Investment Advisors LLC Buys 3,216 Shares of Deere & Company (NYSE:DE)

by · The Cerbat Gem

Signature Estate & Investment Advisors LLC grew its stake in shares of Deere & Company (NYSE:DE – Free Report) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 111,125 shares of the industrial products company’s stock after acquiring an additional 3,216 shares during the quarter. Deere & Company comprises about 1.3% of Signature Estate & Investment Advisors LLC’s portfolio, making the stock its 26th biggest holding. Signature Estate & Investment Advisors LLC’s holdings in Deere & Company were worth $44,436,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Briaud Financial Planning Inc bought a new position in Deere & Company in the 3rd quarter valued at about $25,000. Retirement Group LLC boosted its holdings in shares of Deere & Company by 264.7% during the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock worth $25,000 after buying an additional 45 shares in the last quarter. ZRC Wealth Management LLC acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $28,000. Worth Asset Management LLC bought a new stake in shares of Deere & Company in the 1st quarter valued at $28,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Deere & Company during the 3rd quarter valued at $37,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of DE stock traded down $2.53 during trading on Thursday, hitting $409.44. The company’s stock had a trading volume of 765,168 shares, compared to its average volume of 1,481,427. The company has a market cap of $113.97 billion, a PE ratio of 11.88, a P/E/G ratio of 1.54 and a beta of 1.04. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. The business has a fifty day moving average of $384.24 and a 200-day moving average of $382.08. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00.

Deere & Company (NYSE:DE – Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The firm had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.55 EPS. As a group, research analysts anticipate that Deere & Company will post 27.41 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s payout ratio is 17.12%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DE shares. Evercore ISI lifted their price target on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Morgan Stanley began coverage on Deere & Company in a research report on Monday, January 8th. They issued an “overweight” rating and a $430.00 target price for the company. Truist Financial started coverage on Deere & Company in a research note on Thursday, March 14th. They set a “buy” rating and a $494.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a report on Friday, February 16th. Finally, Wells Fargo & Company cut their target price on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $431.28.

Check Out Our Latest Stock Report on DE

Deere & Company Company Profile

(Free Report)

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

See Also

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