WoodTrust Financial Corp Purchases 5,622 Shares of Deere & Company $DE

WoodTrust Financial Corp boosted its holdings in shares of Deere & Company (NYSE:DE) by 37.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,608 shares of the industrial products company’s stock after acquiring an additional 5,622 shares during the quarter. Deere & Company makes up approximately 1.7% of WoodTrust Financial Corp’s portfolio, making the stock its 17th largest holding. WoodTrust Financial Corp’s holdings in Deere & Company were worth $13,839,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Prosperity Planning Inc. acquired a new position in shares of Deere & Company during the 3rd quarter worth about $383,000. Mn Services Vermogensbeheer B.V. grew its holdings in Deere & Company by 2.0% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 72,240 shares of the industrial products company’s stock valued at $48,513,000 after buying an additional 1,400 shares during the last quarter. Diversified Management Inc. grew its holdings in Deere & Company by 8.5% in the 3rd quarter. Diversified Management Inc. now owns 852 shares of the industrial products company’s stock valued at $572,000 after buying an additional 67 shares during the last quarter. First Heartland Consultants Inc. increased its position in Deere & Company by 5.8% in the 3rd quarter. First Heartland Consultants Inc. now owns 1,506 shares of the industrial products company’s stock worth $1,011,000 after buying an additional 83 shares during the period. Finally, GAMMA Investing LLC increased its position in Deere & Company by 14.3% in the 3rd quarter. GAMMA Investing LLC now owns 7,847 shares of the industrial products company’s stock worth $5,270,000 after buying an additional 981 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DE. Truist Financial reduced their price objective on Deere & Company from $812.00 to $804.00 and set a “buy” rating for the company in a research report on Monday, August 24th. Citigroup boosted their target price on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Bank of America upped their target price on shares of Deere & Company from $667.00 to $715.00 in a research note on Thursday, September 24th. Weiss Ratings raised shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 21st. Finally, Wall Street Zen lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Deere & Company has an average rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Stock Performance

Shares of DE stock traded down $20.42 during mid-day trading on Friday, reaching $632.16. The stock had a trading volume of 866,989 shares, compared to its average volume of 1,362,687. Deere & Company has a one year low of $433.00 and a one year high of $721.22. The firm has a market cap of $170.44 billion, a PE ratio of 35.12, a P/E/G ratio of 2.40 and a beta of 0.86. The firm’s 50 day simple moving average is $654.41 and its 200 day simple moving average is $609.32. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The business had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.Deere & Company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.75 earnings per share. On average, analysts forecast that Deere & Company will post 18.12 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company’s payout ratio is 36.00%.

Deere & Company Profile

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company’s products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.