Roman Butler Fullerton & Co. Buys New Holdings in Deere & Company $DE

Roman Butler Fullerton & Co. purchased a new position in shares of Deere & Company (NYSE:DE) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 2,068 shares of the industrial products company’s stock, valued at approximately $1,211,000.

A number of other institutional investors have also recently bought and sold shares of the business. Timmons Wealth Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $30,000. Portus Wealth Advisors LLC bought a new stake in Deere & Company in the 1st quarter valued at $32,000. Wealth Watch Advisors INC bought a new stake in Deere & Company in the 3rd quarter valued at $32,000. Finally, SHP Wealth Management acquired a new stake in Deere & Company during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the topic of several research reports. Truist Financial upped their price objective on shares of Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Seaport Research Partners set a $570.00 target price on Deere & Company in a research note on Friday. Oppenheimer restated an “outperform” rating and issued a $680.00 price target (down from $715.00) on shares of Deere & Company in a research note on Wednesday, May 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $752.00 price objective on shares of Deere & Company in a report on Monday, June 1st. Finally, Raymond James Financial lowered their price objective on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $641.98.

Deere & Company Trading Down 0.0%

Shares of DE stock opened at $608.73 on Monday. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. The stock has a market cap of $164.32 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 2.57 and a beta of 0.90. The stock has a 50 day simple moving average of $603.23 and a 200 day simple moving average of $588.27. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. The firm had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $6.64 EPS. On average, research analysts predict that Deere & Company will post 18.26 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Deere & Company’s dividend payout ratio is presently 36.71%.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.