Deere & Company (NYSE:DE) Shares Acquired by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc grew its holdings in Deere & Company (NYSE:DE) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,080 shares of the industrial products company’s stock after buying an additional 49 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Deere & Company were worth $507,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Brighton Jones LLC raised its holdings in Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in Deere & Company by 29.0% during the fourth quarter. Chicago Partners Investment Group LLC now owns 1,782 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 401 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in Deere & Company by 3.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,293 shares of the industrial products company’s stock worth $3,090,000 after purchasing an additional 238 shares during the last quarter. Tritonpoint Wealth LLC raised its holdings in Deere & Company by 25.8% during the fourth quarter. Tritonpoint Wealth LLC now owns 678 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 139 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in Deere & Company by 9.8% during the fourth quarter. DAVENPORT & Co LLC now owns 22,022 shares of the industrial products company’s stock worth $9,331,000 after purchasing an additional 1,958 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Price Performance

Shares of NYSE:DE opened at $507.82 on Tuesday. The company has a market cap of $137.83 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. The business has a fifty day simple moving average of $476.02 and a 200-day simple moving average of $463.74.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating analysts’ consensus estimates of $5.72 by $0.92. The business had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.53 earnings per share. Equities research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company’s dividend payout ratio (DPR) is presently 31.35%.

Analyst Ratings Changes

Several equities analysts recently issued reports on DE shares. Raymond James lifted their price objective on Deere & Company from $530.00 to $560.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Oppenheimer lifted their price objective on Deere & Company from $513.00 to $555.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Morgan Stanley lifted their price objective on Deere & Company from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, April 16th. Evercore ISI lifted their price objective on Deere & Company from $455.00 to $493.00 and gave the stock an “in-line” rating in a report on Monday, May 19th. Finally, Truist Financial lifted their price objective on Deere & Company from $546.00 to $619.00 and gave the stock a “buy” rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $515.19.

Deere & Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.