Deere & Company (NYSE:DE) Shares Acquired by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group lifted its position in shares of Deere & Company (NYSE:DE) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,751 shares of the industrial products company’s stock after acquiring an additional 53 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Deere & Company were worth $700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Group LLC raised its stake in Deere & Company by 264.7% during the second quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 45 shares during the period. Briaud Financial Planning Inc purchased a new position in Deere & Company during the third quarter worth approximately $25,000. Rakuten Securities Inc. acquired a new stake in shares of Deere & Company in the fourth quarter worth $28,000. ZRC Wealth Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter worth $28,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Deere & Company in the first quarter worth $28,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of Deere & Company stock traded up $0.77 during trading hours on Thursday, reaching $397.65. The company’s stock had a trading volume of 583,799 shares, compared to its average volume of 1,487,994. The company’s 50 day simple moving average is $385.17 and its 200 day simple moving average is $382.66. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. Deere & Company has a one year low of $345.55 and a one year high of $450.00. The stock has a market cap of $110.69 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same period last year, the firm posted $6.55 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, analysts expect that Deere & Company will post 27.39 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared 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 is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.48%. Deere & Company’s payout ratio is currently 17.12%.

Analyst Ratings Changes

DE has been the subject of several recent research reports. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Deutsche Bank Aktiengesellschaft dropped 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 report on Friday, February 16th. Citigroup lowered their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. Truist Financial initiated coverage on shares of Deere & Company in a report on Thursday, March 14th. They set a “buy” rating and a $494.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a report on Friday, February 16th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.