Deere & Company (NYSE:DE) Shares Bought by Centennial Bank AR

Centennial Bank AR boosted its stake in shares of Deere & Company (NYSE:DE) by 420.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 104 shares of the industrial products company’s stock after purchasing an additional 84 shares during the period. Centennial Bank AR’s holdings in Deere & Company were worth $39,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. True Wealth Design LLC increased its holdings in shares of Deere & Company by 1,180.0% during the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 59 shares in the last quarter. Fairscale Capital LLC purchased a new position in Deere & Company in the second quarter valued at $26,000. Pineridge Advisors LLC raised its position in shares of Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 58 shares during the period. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company during the 4th quarter worth about $30,000. Finally, Spartan Planning & Wealth Management acquired a new stake in shares of Deere & Company during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.2 %

DE stock opened at $416.47 on Wednesday. The firm has a market cap of $114.77 billion, a PE ratio of 12.54, a PEG ratio of 1.36 and a beta of 0.92. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. The firm’s 50 day moving average price is $381.16 and its 200-day moving average price is $384.65. Deere & Company has a one year low of $340.20 and a one year high of $420.47.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating the consensus estimate of $5.63 by $0.66. The firm had revenue of $11.39 billion for the quarter, compared to analyst estimates of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $10.20 EPS. On average, equities research analysts anticipate that Deere & Company will post 25.03 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be issued a $1.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.88 annualized dividend and a yield of 1.41%. Deere & Company’s dividend payout ratio (DPR) is presently 17.70%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Bank of America raised their target price on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Raymond James assumed coverage on Deere & Company in a research report on Friday, June 28th. They set an “outperform” rating and a $420.00 target price on the stock. HSBC cut Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Truist Financial restated a “buy” rating and set a $443.00 target price (up from $439.00) on shares of Deere & Company in a research report on Friday, August 16th. Finally, BMO Capital Markets assumed coverage on Deere & Company in a research report on Friday, August 9th. They set a “market perform” rating and a $400.00 target price on the stock. Thirteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Deere & Company currently has a consensus rating of “Hold” and an average price target of $410.50.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.