Deere & Company $DE Shares Purchased by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its holdings in Deere & Company by 9.6% in the second quarter, now owning approximately 135,982 shares valued at $69.145 million.
• Several analysts recently assessed Deere's stock, with ratings reflecting a Moderate Buy consensus and a target price adjustment ranging from $488 to $609.
• Deere announced a quarterly dividend of $1.62, with an annualized yield of 1.4%, set to be paid to shareholders on November 10.

Blair William & Co. IL increased its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,982 shares of the industrial products company's stock after buying an additional 11,892 shares during the period. Blair William & Co. IL owned about 0.05% of Deere & Company worth $69,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DE. Brighton Jones LLC grew its position in shares of Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after buying an additional 1,278 shares in the last quarter. Portside Wealth Group LLC lifted its position in shares of Deere & Company by 18.7% during the 1st quarter. Portside Wealth Group LLC now owns 693 shares of the industrial products company's stock worth $325,000 after purchasing an additional 109 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Deere & Company by 27.4% during the 1st quarter. Farther Finance Advisors LLC now owns 3,220 shares of the industrial products company's stock worth $1,541,000 after purchasing an additional 692 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Deere & Company by 30.6% during the first quarter. GAMMA Investing LLC now owns 3,735 shares of the industrial products company's stock worth $1,753,000 after purchasing an additional 876 shares in the last quarter. Finally, Simplicity Wealth LLC increased its holdings in Deere & Company by 91.5% in the first quarter. Simplicity Wealth LLC now owns 1,061 shares of the industrial products company's stock valued at $498,000 after buying an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DE shares. Truist Financial raised their target price on Deere & Company from $602.00 to $609.00 and gave the stock a "buy" rating in a research report on Wednesday. Oppenheimer decreased their price objective on Deere & Company from $566.00 to $512.00 and set an "outperform" rating for the company in a research report on Thursday, September 18th. DA Davidson lowered their target price on shares of Deere & Company from $595.00 to $580.00 and set a "buy" rating on the stock in a report on Monday, August 18th. JPMorgan Chase & Co. dropped their price objective on Deere & Company from $500.00 to $495.00 and set a "neutral" rating on the stock in a report on Tuesday, September 2nd. Finally, Robert W. Baird lowered their target price on shares of Deere & Company from $520.00 to $488.00 and set a "neutral" rating on the stock in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $518.59.

Deere & Company Stock Performance

NYSE:DE opened at $461.06 on Thursday. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78. The firm has a market cap of $124.64 billion, a PE ratio of 24.10, a P/E/G ratio of 2.97 and a beta of 1.02. The firm has a 50 day simple moving average of $481.60 and a 200-day simple moving average of $488.75. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $4.62 by $0.13. The business had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business's revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.29 earnings per share. On average, equities analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be issued a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.4%. Deere & Company's payout ratio is 33.87%.

Deere & 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.

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