Deere & Company $DE Shares Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC increased its holdings in Deere & Company (NYSE:DE) by 30.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,270 shares of the industrial products company’s stock after buying an additional 996 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Deere & Company were worth $1,988,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bouchey Financial Group Ltd increased its holdings in Deere & Company by 4.4% in the 3rd quarter. Bouchey Financial Group Ltd now owns 500 shares of the industrial products company’s stock worth $229,000 after buying an additional 21 shares during the period. Silvant Capital Management LLC increased its holdings in Deere & Company by 0.5% in the 3rd quarter. Silvant Capital Management LLC now owns 4,449 shares of the industrial products company’s stock worth $2,034,000 after buying an additional 21 shares during the period. Blue Chip Partners LLC increased its holdings in Deere & Company by 1.4% in the 2nd quarter. Blue Chip Partners LLC now owns 1,574 shares of the industrial products company’s stock worth $801,000 after buying an additional 21 shares during the period. Forefront Wealth Partners LLC increased its holdings in Deere & Company by 4.1% in the 3rd quarter. Forefront Wealth Partners LLC now owns 564 shares of the industrial products company’s stock worth $258,000 after buying an additional 22 shares during the period. Finally, Romano Brothers AND Company increased its holdings in Deere & Company by 0.3% in the 4th quarter. Romano Brothers AND Company now owns 7,936 shares of the industrial products company’s stock worth $3,695,000 after buying an additional 22 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 2.2%

Shares of NYSE:DE opened at $592.76 on Friday. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The firm has a market capitalization of $160.11 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. The business’s 50 day moving average price is $594.41 and its 200-day moving average price is $524.92.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. During the same quarter last year, the firm posted $3.19 EPS. The business’s revenue was up 17.5% on a year-over-year basis. On average, equities research analysts forecast that Deere & Company will post 18.01 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, March 31st. 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 36.53%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DE. Barclays increased their price target on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Sanford C. Bernstein increased their price target 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. Jefferies Financial Group raised shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price objective on the stock in a research note on Wednesday, April 8th. Wolfe Research raised their price objective on shares of Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $715.00 price objective on shares of Deere & Company in a research note on Friday, February 20th. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $655.45.

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.