Vident Advisory LLC Purchases 6,566 Shares of Deere & Company (NYSE:DE)

Vident Advisory LLC lifted its stake in shares of Deere & Company (NYSE:DE - Free Report) by 150.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,933 shares of the industrial products company's stock after buying an additional 6,566 shares during the quarter. Vident Advisory LLC's holdings in Deere & Company were worth $4,633,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Robertson Stephens Wealth Management LLC raised its position in shares of Deere & Company by 2.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock worth $426,000 after acquiring an additional 22 shares in the last quarter. Quent Capital LLC boosted its position in shares of Deere & Company by 2.8% during the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock valued at $377,000 after purchasing an additional 24 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Deere & Company by 0.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock worth $3,398,000 after purchasing an additional 24 shares in the last quarter. Patrick M Sweeney & Associates Inc. increased its holdings in Deere & Company by 1.2% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 2,115 shares of the industrial products company's stock worth $896,000 after purchasing an additional 25 shares in the last quarter. Finally, Massachusetts Wealth Management lifted its stake in Deere & Company by 0.5% in the fourth quarter. Massachusetts Wealth Management now owns 5,127 shares of the industrial products company's stock valued at $2,172,000 after buying an additional 25 shares during the period. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DE has been the subject of several research analyst reports. Argus set a $510.00 price objective on shares of Deere & Company in a research note on Friday, March 7th. Evercore ISI lifted their price target on shares of Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Wall Street Zen raised shares of Deere & Company from a "sell" rating to a "hold" rating in a research report on Thursday. Truist Financial upped their price target on Deere & Company from $546.00 to $619.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Citigroup raised their price objective on Deere & Company from $450.00 to $550.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $516.75.

Deere & Company Stock Down 1.1%

Deere & Company stock traded down $5.82 during midday trading on Friday, hitting $509.83. 850,750 shares of the stock were exchanged, compared to its average volume of 1,410,310. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The business's 50-day moving average price is $472.60 and its 200-day moving average price is $458.36. The stock has a market capitalization of $138.37 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE - Get Free Report) last announced 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. The firm had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The company's revenue was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.53 EPS. On average, research analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Monday, March 31st were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, March 31st. Deere & Company's dividend 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.