Deere & Company (NYSE:DE) Shares Bought by Alta Advisers Ltd

Alta Advisers Ltd grew its stake in shares of Deere & Company (NYSE:DE - Free Report) by 59.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,342 shares of the industrial products company's stock after purchasing an additional 500 shares during the quarter. Alta Advisers Ltd's holdings in Deere & Company were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 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 acquiring an additional 1,278 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Deere & Company during the fourth quarter worth approximately $1,525,000. Maia Wealth LLC grew its position in shares of Deere & Company by 3.6% during the fourth quarter. Maia Wealth LLC now owns 1,074 shares of the industrial products company's stock worth $455,000 after acquiring an additional 37 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Deere & Company by 21.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,468 shares of the industrial products company's stock worth $1,473,000 after acquiring an additional 603 shares during the last quarter. Finally, Norden Group LLC grew its position in Deere & Company by 5.2% in the 4th quarter. Norden Group LLC now owns 792 shares of the industrial products company's stock valued at $336,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DE. DA Davidson restated a "buy" rating and set a $542.00 target price on shares of Deere & Company in a research report on Friday, May 16th. Melius upgraded shares of Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. BMO Capital Markets restated a "market perform" rating and set a $460.00 target price (up from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. Argus set a $510.00 price objective on shares of Deere & Company in a research report on Friday, March 7th. Finally, Truist Financial boosted their price objective on shares of Deere & Company from $546.00 to $619.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $515.19.

Deere & Company Trading Down 0.9%

Shares of DE stock opened at $508.58 on Tuesday. The company has a market capitalization of $137.74 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 3.26 and a beta of 1.09. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76. The firm has a 50-day moving average price of $501.87 and a 200 day moving average price of $473.62.

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

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.27%. Deere & Company's payout ratio is currently 31.35%.

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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