Bartlett & CO. Wealth Management LLC Reduces Holdings in Deere & Company (NYSE:DE)

Bartlett & CO. Wealth Management LLC decreased its position in shares of Deere & Company (NYSE:DE) by 0.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 203,753 shares of the industrial products company’s stock after selling 214 shares during the quarter. Deere & Company makes up 1.3% of Bartlett & CO. Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position. Bartlett & CO. Wealth Management LLC owned approximately 0.08% of Deere & Company worth $86,660,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new position in Deere & Company during the third quarter worth about $32,000. Modus Advisors LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at approximately $32,000. Centennial Bank AR boosted its holdings in 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 buying an additional 84 shares during the period. Continuum Advisory LLC grew its stake in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Deere & Company in the 3rd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the subject of a number of analyst reports. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target for the company. in a report on Friday, December 6th. Truist Financial increased their price objective on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their target price on Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Morgan Stanley upped their price target on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, Citigroup cut their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $442.83.

Deere & Company Stock Performance

Shares of NYSE DE opened at $459.55 on Thursday. The stock’s 50-day moving average is $433.94 and its 200 day moving average is $403.91. The stock has a market cap of $125.16 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 2.86 and a beta of 0.98. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same period last year, the firm posted $8.26 earnings per share. The business’s revenue was down 32.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Deere & Company will post 19.34 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a $1.62 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.41%. Deere & Company’s payout ratio is currently 25.31%.

Deere & Company 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.