Fi3 FINANCIAL ADVISORS LLC Buys 81 Shares of Deere & Company (NYSE:DE)

Fi3 FINANCIAL ADVISORS LLC lifted its stake in shares of Deere & Company (NYSE:DE) by 15.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 620 shares of the industrial products company’s stock after acquiring an additional 81 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Deere & Company were worth $248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DE. Essex Savings Bank lifted its stake in Deere & Company by 0.5% in the 4th quarter. Essex Savings Bank now owns 5,367 shares of the industrial products company’s stock worth $2,146,000 after purchasing an additional 26 shares in the last quarter. Bleakley Financial Group LLC increased its stake in Deere & Company by 0.5% in the 4th quarter. Bleakley Financial Group LLC now owns 5,158 shares of the industrial products company’s stock worth $2,063,000 after acquiring an additional 27 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of Deere & Company by 1.5% in the fourth quarter. Valley National Advisers Inc. now owns 1,879 shares of the industrial products company’s stock valued at $751,000 after purchasing an additional 27 shares in the last quarter. Simplicity Solutions LLC lifted its position in Deere & Company by 0.5% during the fourth quarter. Simplicity Solutions LLC now owns 5,158 shares of the industrial products company’s stock valued at $2,063,000 after purchasing an additional 27 shares during the last quarter. Finally, Blue Chip Partners LLC increased its holdings in shares of Deere & Company by 2.3% in the 4th quarter. Blue Chip Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $489,000 after buying an additional 27 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Stock Up 1.3 %

DE stock traded up $5.00 during trading on Friday, hitting $400.96. 1,626,960 shares of the company’s stock traded hands, compared to its average volume of 1,337,641. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $111.61 billion, a P/E ratio of 11.68, a PEG ratio of 1.49 and a beta of 1.04. The business has a fifty day simple moving average of $391.45 and a two-hundred day simple moving average of $383.91. Deere & Company has a 1 year low of $345.55 and a 1 year high of $450.00.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. During the same period in the prior year, the business posted $6.55 EPS. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. Sell-side analysts anticipate that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be given a $1.47 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.47%. Deere & Company’s payout ratio is 17.12%.

Analysts Set New Price Targets

Several brokerages have weighed in on DE. Melius Research reissued a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Truist Financial initiated coverage on shares of Deere & Company in a research note on Thursday, March 14th. They set a “buy” rating and a $494.00 price objective for the company. Stifel Nicolaus dropped their price target on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. increased their target price on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $433.28.

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.