Deere & Company $DE Position Lifted by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC raised its stake in shares of Deere & Company (NYSE:DE) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,588 shares of the industrial products company’s stock after purchasing an additional 1,040 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Deere & Company were worth $5,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DE. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co raised its holdings in shares of Deere & Company by 3.2% in the 2nd quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock worth $308,000 after buying an additional 16 shares in the last quarter. Anchyra Partners LLC lifted its position in shares of Deere & Company by 0.5% during the 1st quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock worth $1,797,000 after buying an additional 17 shares during the period. William B. Walkup & Associates Inc. lifted its position in shares of Deere & Company by 0.6% during the 1st quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock worth $1,638,000 after buying an additional 17 shares during the period. Concorde Asset Management LLC boosted its stake in Deere & Company by 3.0% in the 2nd quarter. Concorde Asset Management LLC now owns 581 shares of the industrial products company’s stock valued at $369,000 after buying an additional 17 shares in the last quarter. Finally, MCF Advisors LLC boosted its stake in Deere & Company by 0.9% in the 2nd quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $1,271,000 after buying an additional 17 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Trading Up 2.6%

DE stock traded up $16.71 during trading on Tuesday, hitting $649.32. The company had a trading volume of 1,328,616 shares, compared to its average volume of 1,366,479. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $656.14 and a 200-day moving average price of $610.53. Deere & Company has a 12 month low of $433.00 and a 12 month high of $721.22. The stock has a market cap of $175.07 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 2.27 and a beta of 0.86.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.75 EPS. As a group, analysts predict that Deere & Company will post 18.12 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s payout ratio is presently 36.00%.

Analysts Set New Price Targets

DE has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Deere & Company from $585.00 to $625.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Nomura upgraded Deere & Company to a “buy” rating in a research note on Monday, August 31st. Raymond James Financial lifted their price objective on Deere & Company from $700.00 to $730.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Bank of America lifted their price objective on Deere & Company from $667.00 to $715.00 in a report on Thursday, September 24th. Finally, Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 21st. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $688.10.

Deere & Company Company Profile

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company’s products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.