Deere & Company $DE Stock Purchased by Mather Group LLC.

Key Points

• Mather Group LLC increased its Deere & Company stake by 296.6% in the third quarter, bringing its holdings to 7,603 shares valued at approximately $5.1 million.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and 8 Hold ratings, resulting in a consensus “Moderate Buy” rating and a $688.10 price target.
• Deere exceeded quarterly expectations with $5.10 in EPS and $12.61 billion in revenue, while declaring a quarterly dividend of $1.62 per share, or $6.48 annually.

Mather Group LLC. boosted its stake in Deere & Company (NYSE:DE - Free Report) by 296.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,603 shares of the industrial products company's stock after purchasing an additional 5,686 shares during the period. Mather Group LLC.'s holdings in Deere & Company were worth $5,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Deere & Company in the second quarter valued at $27,000. Kilter Group LLC purchased a new stake in shares of Deere & Company in the 2nd quarter valued at $29,000. Solstein Capital LLC purchased a new stake in shares of Deere & Company in the 2nd quarter valued at $30,000. Orion Capital Management LLC acquired a new position in Deere & Company during the 2nd quarter worth about $32,000. Finally, Downshift Financial LLC lifted its stake in Deere & Company by 218.8% during the 3rd quarter. Downshift Financial LLC now owns 51 shares of the industrial products company's stock worth $34,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DE. Truist Financial lowered their target price on Deere & Company from $812.00 to $804.00 and set a "buy" rating for the company in a report on Monday, August 24th. Barclays lifted their target price on Deere & Company from $640.00 to $675.00 and gave the company an "overweight" rating in a research report on Monday, August 24th. Raymond James Financial boosted their price target on shares of Deere & Company from $700.00 to $730.00 and gave the stock an "outperform" rating in a research note on Monday, August 31st. DA Davidson increased their price target on shares of Deere & Company from $685.00 to $760.00 and gave the stock a "buy" rating in a research report on Monday, August 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $585.00 to $625.00 and gave the company a "neutral" rating in a research note on Thursday, October 8th. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $688.10.

Deere & Company Stock Down 0.0%

Deere & Company stock opened at $650.38 on Friday. The firm has a market capitalization of $175.36 billion, a P/E ratio of 36.13, a P/E/G ratio of 2.38 and a beta of 0.86. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. Deere & Company has a twelve month low of $445.55 and a twelve month high of $721.22. The stock's fifty day simple moving average is $657.66 and its 200-day simple moving average is $611.62.

Deere & Company (NYSE:DE - Get Free Report) last released its earnings results 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. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The firm had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same period last year, the business posted $4.75 earnings per share. Deere & Company's revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts expect that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be given a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. Deere & Company's dividend payout ratio (DPR) is currently 36.00%.

About Deere & Company

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.

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