WoodTrust Financial Corp Acquires 1,394 Shares of Deere & Company (NYSE:DE)

WoodTrust Financial Corp raised its holdings in Deere & Company (NYSE:DE) by 9.4% during the third quarter, Holdings Channel.com reports. The fund owned 16,229 shares of the industrial products company’s stock after purchasing an additional 1,394 shares during the period. Deere & Company comprises about 1.0% of WoodTrust Financial Corp’s holdings, making the stock its 29th largest holding. WoodTrust Financial Corp’s holdings in Deere & Company were worth $6,773,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its stake in shares of Deere & Company by 20.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock worth $5,906,000 after purchasing an additional 2,692 shares during the period. Balentine LLC bought a new position in Deere & Company during the third quarter worth about $710,000. Royal Fund Management LLC boosted its holdings in Deere & Company by 99.8% during the third quarter. Royal Fund Management LLC now owns 6,454 shares of the industrial products company’s stock worth $2,694,000 after buying an additional 3,223 shares during the last quarter. New Century Financial Group LLC acquired a new position in shares of Deere & Company during the 3rd quarter worth about $1,052,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $24,984,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DE shares. Bank of America boosted their price objective on shares of Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Morgan Stanley lowered their price objective on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. JPMorgan Chase & Co. boosted their target price on Deere & Company from $360.00 to $420.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Truist Financial raised their price target on Deere & Company from $443.00 to $496.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets started coverage on Deere & Company in a research report on Friday, August 9th. They issued a “market perform” rating and a $400.00 price objective for the company. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Deere & Company presently has a consensus rating of “Hold” and a consensus price target of $420.69.

Deere & Company Trading Up 1.3 %

NYSE DE opened at $405.71 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The stock has a 50 day moving average of $402.27 and a 200-day moving average of $385.56. Deere & Company has a 12 month low of $340.20 and a 12 month high of $420.47. The company has a market cap of $111.00 billion, a PE ratio of 13.84, a PEG ratio of 1.52 and a beta of 0.93.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The company had revenue of $11.39 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. On average, equities research analysts anticipate that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Monday, September 30th. Deere & Company’s payout ratio is 20.06%.

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.