Lantz Financial LLC Has $287,000 Position in Deere & Company (NYSE:DE)

Lantz Financial LLC boosted its holdings in shares of Deere & Company (NYSE:DE) by 15.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 699 shares of the industrial products company’s stock after acquiring an additional 96 shares during the period. Lantz Financial LLC’s holdings in Deere & Company were worth $287,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tompkins Financial Corp boosted its holdings in Deere & Company by 2.6% in the 1st quarter. Tompkins Financial Corp now owns 981 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 25 shares during the period. Essex Savings Bank raised its position in shares of Deere & Company by 0.5% in the fourth quarter. Essex Savings Bank now owns 5,367 shares of the industrial products company’s stock valued at $2,146,000 after buying an additional 26 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Deere & Company by 0.5% in the fourth quarter. Bleakley Financial Group LLC now owns 5,158 shares of the industrial products company’s stock valued at $2,063,000 after buying an additional 27 shares during the period. Valley National Advisers Inc. grew its position in Deere & Company by 1.5% during the fourth quarter. Valley National Advisers Inc. now owns 1,879 shares of the industrial products company’s stock worth $751,000 after buying an additional 27 shares in the last quarter. Finally, Simplicity Solutions LLC increased its stake in Deere & Company by 0.5% during the 4th quarter. Simplicity Solutions LLC now owns 5,158 shares of the industrial products company’s stock worth $2,063,000 after acquiring an additional 27 shares during the period. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on DE shares. Oppenheimer reiterated an “outperform” rating and set a $456.00 target price on shares of Deere & Company in a research report on Thursday, May 16th. Stifel Nicolaus increased their price objective on shares of Deere & Company from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Truist Financial assumed coverage on shares of Deere & Company in a research report on Thursday, March 14th. They issued a “buy” rating and a $494.00 target price for the company. Daiwa Capital Markets increased their price target on shares of Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Finally, TD Cowen boosted their price objective on shares of Deere & Company from $383.00 to $390.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $433.36.

Deere & Company Price Performance

Deere & Company stock opened at $375.34 on Friday. The stock’s 50 day moving average is $387.54 and its 200 day moving average is $386.59. Deere & Company has a one year low of $353.15 and a one year high of $450.00. The firm has a market cap of $103.43 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.53 and a beta of 0.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.86 by $0.67. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The firm had revenue of $13.61 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the previous year, the company earned $9.65 EPS. The company’s revenue for the quarter was down 15.4% on a year-over-year basis. As a group, research analysts expect that Deere & Company will post 25.61 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 28th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.88 dividend on an annualized basis and a yield of 1.57%. Deere & Company’s payout ratio is currently 17.70%.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.