529 Shares in Deere & Company (NYSE:DE) Acquired by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC purchased a new position in shares of Deere & Company (NYSE:DE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 529 shares of the industrial products company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nixon Peabody Trust Co. raised its stake in shares of Deere & Company by 0.6% during the 3rd quarter. Nixon Peabody Trust Co. now owns 33,996 shares of the industrial products company’s stock valued at $14,188,000 after buying an additional 219 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Deere & Company during the third quarter worth about $376,000. First Western Trust Bank raised its position in Deere & Company by 9.1% during the third quarter. First Western Trust Bank now owns 716 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 60 shares in the last quarter. Prudent Man Advisors LLC lifted its holdings in Deere & Company by 69.5% in the third quarter. Prudent Man Advisors LLC now owns 2,203 shares of the industrial products company’s stock valued at $919,000 after acquiring an additional 903 shares during the period. Finally, Claro Advisors LLC boosted its position in Deere & Company by 11.5% in the 3rd quarter. Claro Advisors LLC now owns 1,293 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 133 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Price Performance

Shares of NYSE DE opened at $404.63 on Tuesday. The firm has a 50-day simple moving average of $404.38 and a 200-day simple moving average of $385.70. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $110.71 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Deere & Company has a 52 week low of $340.20 and a 52 week high of $420.47.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Monday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 20.06%.

Analyst Upgrades and Downgrades

DE has been the subject of several recent research reports. Evercore ISI lifted their target price on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a report on Monday, August 19th. BMO Capital Markets initiated coverage on shares of Deere & Company in a research note on Friday, August 9th. They set a “market perform” rating and a $400.00 target price on the stock. Citigroup raised their target price on Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Oppenheimer reduced their price target on Deere & Company from $465.00 to $448.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Finally, Bank of America raised their price objective on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $420.69.

Deere & Company 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.