BCM Advisors LLC Grows Stock Holdings in Deere & Company (NYSE:DE)

BCM Advisors LLC increased its stake in Deere & Company (NYSE:DE) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,548 shares of the industrial products company’s stock after purchasing an additional 29 shares during the quarter. BCM Advisors LLC’s holdings in Deere & Company were worth $2,229,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Pineridge Advisors LLC lifted its stake in shares of Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 58 shares during the period. Fairscale Capital LLC bought a new position in Deere & Company in the second quarter worth approximately $26,000. Livelsberger Financial Advisory purchased a new position in shares of Deere & Company during the 3rd quarter worth $32,000. Olistico Wealth LLC bought a new stake in shares of Deere & Company during the 2nd quarter valued at $37,000. Finally, Centennial Bank AR increased its stake in shares of Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

NYSE:DE opened at $389.45 on Thursday. The company has a market cap of $106.55 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.50 and a beta of 0.93. Deere & Company has a 1 year low of $340.20 and a 1 year high of $420.47. The stock’s 50 day simple moving average is $403.52 and its two-hundred day simple moving average is $385.61. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share 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 company had revenue of $11.39 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the previous year, the business posted $10.20 earnings per share. Deere & Company’s quarterly revenue was down 20.3% on a year-over-year basis. As a group, equities analysts anticipate that Deere & Company will post 25 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were issued a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.51%. Deere & Company’s dividend payout ratio (DPR) is presently 20.06%.

Analyst Ratings Changes

Several research firms have issued reports on DE. Bank of America boosted their price target on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Evercore ISI increased their price objective 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. Finally, Truist Financial lifted their target price on shares of Deere & Company from $443.00 to $496.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $420.69.

Deere & 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.