93,920 Shares in Deere & Company (NYSE:DE) Purchased by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. purchased a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 93,920 shares of the industrial products company's stock, valued at approximately $44,081,000. Deere & Company comprises 11.3% of Aurora Private Wealth Inc.'s investment portfolio, making the stock its largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in Deere & Company by 19.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock worth $2,792,082,000 after buying an additional 1,095,736 shares in the last quarter. Capital World Investors boosted its holdings in Deere & Company by 2.7% during the 4th quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company's stock worth $2,566,884,000 after acquiring an additional 157,224 shares during the last quarter. FMR LLC grew its stake in shares of Deere & Company by 22.9% in the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock worth $2,364,843,000 after acquiring an additional 1,039,395 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Deere & Company by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,305,571 shares of the industrial products company's stock valued at $2,247,216,000 after purchasing an additional 97,203 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Deere & Company in the fourth quarter valued at about $1,244,094,000. 68.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group reduced their price objective on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Bank of America boosted their target price on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Melius Research upgraded Deere & Company from a "hold" rating to a "strong-buy" rating in a report on Friday, June 6th. Truist Financial raised their target price on Deere & Company from $546.00 to $619.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Argus set a $510.00 price target on shares of Deere & Company in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $515.19.

Deere & Company Stock Performance

NYSE:DE opened at $517.50 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.89 and a current ratio of 2.11. The firm has a market cap of $140.15 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 3.30 and a beta of 1.08. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The business's fifty day moving average is $505.29 and its 200 day moving average is $474.73.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The business had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the firm posted $8.53 EPS. Deere & Company's revenue was down 17.9% on a year-over-year basis. Research analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.25%. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.

About Deere & Company

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.

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