Creative Planning Acquires 1,555 Shares of Deere & Company (NYSE:DE)

Creative Planning grew its stake in shares of Deere & Company (NYSE:DE) by 2.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 75,462 shares of the industrial products company’s stock after purchasing an additional 1,555 shares during the period. Creative Planning’s holdings in Deere & Company were worth $31,493,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. Centaurus Financial Inc. increased its stake in shares of Deere & Company by 2.3% during the 2nd quarter. Centaurus Financial Inc. now owns 1,160 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 26 shares during the last quarter. Range Financial Group LLC raised its stake in shares of Deere & Company by 5.2% in the first quarter. Range Financial Group LLC now owns 548 shares of the industrial products company’s stock valued at $225,000 after buying an additional 27 shares during the period. Cooper Financial Group raised its stake in shares of Deere & Company by 2.4% in the first quarter. Cooper Financial Group now owns 1,146 shares of the industrial products company’s stock valued at $471,000 after buying an additional 27 shares during the period. First Foundation Advisors lifted its position in shares of Deere & Company by 2.3% during the 1st quarter. First Foundation Advisors now owns 1,249 shares of the industrial products company’s stock valued at $513,000 after buying an additional 28 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC grew its stake in shares of Deere & Company by 4.2% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 699 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 28 shares during the period. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the subject of several recent research reports. Evercore ISI lifted their target price on shares of Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research note on Monday, August 19th. Truist Financial boosted their target price on shares of Deere & Company from $443.00 to $496.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Citigroup increased their target price on Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reduced their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Finally, Bank of America boosted their price objective on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $420.69.

Deere & Company Trading Up 0.9 %

Shares of DE stock opened at $408.73 on Monday. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The firm has a market cap of $112.63 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. The business has a 50-day moving average price of $393.03 and a two-hundred day moving average price of $385.26. Deere & Company has a 12-month low of $340.20 and a 12-month high of $420.47.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The firm had revenue of $11.39 billion for the quarter, compared to the consensus estimate of $10.94 billion. During the same period last year, the firm posted $10.20 earnings per share. The business’s revenue was down 20.3% compared to the same quarter last year. Equities analysts anticipate that Deere & Company will post 25.03 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be given a dividend of $1.47 per share. The ex-dividend date is Monday, September 30th. This represents a $5.88 annualized dividend and a yield of 1.44%. Deere & Company’s payout ratio is 17.70%.

About Deere & Company

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.