Deere & Company $DE Stock: Roman Butler Fullerton & Co. Raises Position

Roman Butler Fullerton & Co. boosted its holdings in shares of Deere & Company (NYSE:DE) by 38.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,860 shares of the industrial products company’s stock after buying an additional 792 shares during the period. Roman Butler Fullerton & Co.’s holdings in Deere & Company were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DE. Oakworth Capital Inc. lifted its position in Deere & Company by 1.5% in the 3rd quarter. Oakworth Capital Inc. now owns 1,652 shares of the industrial products company’s stock worth $1,109,000 after buying an additional 25 shares in the last quarter. Independence Bank of Kentucky boosted its stake in shares of Deere & Company by 1.1% during the 3rd quarter. Independence Bank of Kentucky now owns 2,139 shares of the industrial products company’s stock valued at $1,436,000 after buying an additional 24 shares during the period. Ashton Thomas Securities LLC grew its holdings in shares of Deere & Company by 3.0% during the 3rd quarter. Ashton Thomas Securities LLC now owns 1,830 shares of the industrial products company’s stock valued at $1,229,000 after acquiring an additional 54 shares in the last quarter. Black Diamond Financial LLC grew its holdings in shares of Deere & Company by 23.0% during the 3rd quarter. Black Diamond Financial LLC now owns 775 shares of the industrial products company’s stock valued at $520,000 after acquiring an additional 145 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. increased its stake in shares of Deere & Company by 57.2% in the third quarter. Total Clarity Wealth Management Inc. now owns 1,130 shares of the industrial products company’s stock worth $759,000 after acquiring an additional 411 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DE has been the topic of a number of research reports. UBS Group dropped their price target on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research note on Friday, August 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research report on Monday, August 24th. CICC Research started coverage on Deere & Company in a research note on Sunday, September 13th. They issued an “outperform” rating on the stock. DA Davidson upped their target price on Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, Citigroup upped their target price on Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company News Roundup

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere’s consensus price target is reported at $688.10, suggesting analysts see additional upside from the stock’s recent trading level. Deere Consensus Price Target Article
• Neutral Sentiment: Deere is attracting elevated investor and market-screening attention, but the Zacks article does not identify a new fundamental development likely to materially change earnings expectations. Zacks Deere Trending Stock Article
• Neutral Sentiment: Deere was described as little changed in premarket trading, indicating no major overnight company announcement was driving the shares. Deere Premarket Trading Article
• Negative Sentiment: A comparison with Caterpillar puts Deere’s dividend growth trajectory under scrutiny. The focus on recent dividend trends may weigh on income-oriented sentiment if investors view Deere’s payout growth as less compelling than competing heavy-equipment alternatives. Caterpillar Versus Deere Dividend Comparison

Deere & Company Price Performance

NYSE:DE opened at $639.55 on Wednesday. The company’s 50 day moving average is $660.15 and its 200-day moving average is $601.68. Deere & Company has a 12 month low of $454.50 and a 12 month high of $721.22.

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. During the same period in the prior year, the company posted $4.75 earnings per share. Deere & Company’s quarterly revenue was up 6.2% on a year-over-year basis. Sell-side analysts forecast that Deere & Company will post 18.11 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%.

About Deere & Company

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.