S Harris Financial Group LLC Invests $423,000 in Deere & Company $DE

S Harris Financial Group LLC acquired a new stake in Deere & Company (NYSE:DE) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 909 shares of the industrial products company’s stock, valued at approximately $423,000.

Other large investors have also bought and sold shares of the company. Strategic Advocates LLC bought a new stake in Deere & Company in the third quarter worth about $25,000. Key Capital Management INC bought a new position in shares of Deere & Company during the 4th quarter valued at about $27,000. Timmons Wealth Management LLC bought a new position in shares of Deere & Company during the 4th quarter valued at about $29,000. McIlrath & Eck LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of Deere & Company in the 3rd quarter worth approximately $32,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

NYSE DE opened at $590.37 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The company has a market cap of $159.36 billion, a PE ratio of 33.45, a PEG ratio of 2.18 and a beta of 0.92. The stock’s 50-day moving average price is $573.71 and its two-hundred day moving average price is $552.66.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The company had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. During the same period last year, the company posted $6.64 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Deere & Company will post 18.13 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s dividend payout ratio is 36.71%.

Analysts Set New Price Targets

A number of research firms recently commented on DE. Sanford C. Bernstein boosted their target price on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Morgan Stanley lifted their price target on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Raymond James Financial dropped their price target on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Finally, Truist Financial cut their price objective on Deere & Company from $793.00 to $759.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $639.58.

Deere & Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.