Marble Wealth LLC Takes Position in Deere & Company $DE

Marble Wealth LLC purchased a new stake in shares of Deere & Company (NYSE:DEFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,172 shares of the industrial products company’s stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cerro Pacific Wealth Advisors LLC grew its holdings in shares of Deere & Company by 0.6% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company’s stock valued at $1,480,000 after buying an additional 19 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of Deere & Company by 2.4% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company’s stock valued at $379,000 after buying an additional 19 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Deere & Company by 2.2% during the fourth quarter. Root Financial Partners LLC now owns 880 shares of the industrial products company’s stock valued at $410,000 after buying an additional 19 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Deere & Company by 2.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 773 shares of the industrial products company’s stock valued at $360,000 after buying an additional 20 shares in the last quarter. Finally, Family Legacy Inc. grew its holdings in shares of Deere & Company by 0.3% during the fourth quarter. Family Legacy Inc. now owns 7,894 shares of the industrial products company’s stock valued at $3,675,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company News Summary

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial lowered their price target on Deere & Company from $793.00 to $759.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Raymond James Financial lowered 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. Sanford C. Bernstein lifted their price target on Deere & Company from $521.00 to $615.00 and gave the company a “market perform” rating in a report on Friday, February 20th. Wolfe Research boosted their target price on Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Finally, Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Fifteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average target price of $638.08.

Get Our Latest Report on Deere & Company

Deere & Company Stock Performance

Shares of NYSE DE opened at $589.05 on Thursday. The business’s 50-day moving average price is $572.57 and its two-hundred day moving average price is $544.51. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The company has a market capitalization of $159.01 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92.

Deere & Company (NYSE:DEGet Free Report) last issued its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. During the same quarter in the previous year, the company posted $6.64 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that Deere & Company will post 18.08 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

Deere & Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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