Wolf Group Capital Advisors Takes Position in Deere & Company (NYSE:DE)

Wolf Group Capital Advisors purchased a new position in shares of Deere & Company (NYSE:DE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 617 shares of the industrial products company’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DE. Coppell Advisory Solutions LLC raised its stake in shares of Deere & Company by 2.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company’s stock valued at $432,000 after acquiring an additional 25 shares during the last quarter. Glen Eagle Advisors LLC increased its holdings in Deere & Company by 0.9% during the 4th quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company’s stock valued at $1,244,000 after purchasing an additional 25 shares during the period. Deseret Mutual Benefit Administrators raised its position in Deere & Company by 8.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 342 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 26 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in Deere & Company by 0.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 7,565 shares of the industrial products company’s stock worth $3,205,000 after buying an additional 26 shares during the period. Finally, LRI Investments LLC grew its position in shares of Deere & Company by 1.1% in the 4th quarter. LRI Investments LLC now owns 2,442 shares of the industrial products company’s stock worth $1,035,000 after buying an additional 26 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

Deere & Company stock opened at $525.02 on Thursday. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $142.19 billion, a P/E ratio of 25.40, a PEG ratio of 3.32 and a beta of 1.09. The stock’s 50 day moving average is $492.30 and its 200 day moving average is $469.71. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The business had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the company posted $8.53 earnings per share. The company’s revenue for the quarter was down 17.9% compared to the same quarter last year. On average, equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company’s dividend payout ratio (DPR) is 31.35%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird upped their target price on Deere & Company from $501.00 to $514.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Citigroup reduced their price objective on shares of Deere & Company from $550.00 to $525.00 and set a “neutral” rating on the stock in a research report on Friday, May 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Deere & Company in a research report on Thursday, May 15th. Truist Financial lifted their target price on shares of Deere & Company from $546.00 to $619.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $490.00 to $540.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.