Focus Partners Advisor Solutions LLC Purchases 7,030 Shares of Deere & Company $DE

Focus Partners Advisor Solutions LLC boosted its position in Deere & Company (NYSE:DE) by 904.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,807 shares of the industrial products company’s stock after acquiring an additional 7,030 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Deere & Company were worth $3,635,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Advocates LLC bought a new position in Deere & Company in the third quarter valued at about $25,000. Key Capital Management INC bought a new position in Deere & Company in the fourth quarter valued at about $27,000. McIlrath & Eck LLC bought a new position in Deere & Company in the fourth quarter valued at about $30,000. Wealth Watch Advisors INC bought a new position in Deere & Company in the third quarter valued at about $32,000. Finally, Tucker Asset Management LLC bought a new position in Deere & Company in the fourth quarter valued at about $34,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DE. JPMorgan Chase & Co. increased their target price on Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. DA Davidson cut their target price on Deere & Company from $775.00 to $685.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Truist Financial cut their target price on Deere & Company from $793.00 to $759.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Wells Fargo & Company increased their target price on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Finally, Raymond James Financial cut their target price on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $639.58.

Deere & Company Trading Up 0.8%

NYSE DE opened at $578.07 on Wednesday. The firm has a market cap of $156.04 billion, a P/E ratio of 32.75, a P/E/G ratio of 2.13 and a beta of 0.92. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The stock’s 50-day moving average is $572.93 and its 200-day moving average is $547.52. Deere & Company has a one year low of $433.00 and a one year high of $674.19.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. The company had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.Deere & Company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $6.64 earnings per share. Sell-side analysts anticipate that Deere & Company will post 18.1 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is currently 36.71%.

Deere & Company 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.