Free Trial

Deere & Company (NYSE:DE) Shares Purchased by Cerity Partners LLC

Deere & Company logo with Industrials background

Cerity Partners LLC increased its stake in shares of Deere & Company (NYSE:DE - Free Report) by 65.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 183,894 shares of the industrial products company's stock after purchasing an additional 72,519 shares during the period. Cerity Partners LLC owned 0.07% of Deere & Company worth $86,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of DE. Cornerstone Planning Group LLC raised its holdings in Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 36 shares during the last quarter. Orion Capital Management LLC acquired a new stake in Deere & Company in the 4th quarter valued at about $34,000. Mascagni Wealth Management Inc. acquired a new stake in Deere & Company in the 4th quarter valued at about $39,000. Citizens National Bank Trust Department acquired a new stake in Deere & Company in the 1st quarter valued at about $45,000. Finally, Dogwood Wealth Management LLC acquired a new stake in Deere & Company in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Performance

NYSE:DE opened at $512.17 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 stock has a market capitalization of $138.71 billion, a P/E ratio of 24.78, a PEG ratio of 3.29 and a beta of 1.08. The company has a 50 day moving average price of $510.73 and a 200 day moving average price of $478.07. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter last year, the company posted $8.53 EPS. The firm's quarterly revenue was down 17.9% on a year-over-year basis. Equities research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders 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 annualized dividend and a yield of 1.27%. Deere & Company's dividend payout ratio is presently 31.35%.

Analyst Upgrades and Downgrades

A number of research firms have commented on DE. Wall Street Zen downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a report on Friday, May 30th. DA Davidson reissued a "buy" rating and issued a $542.00 price target on shares of Deere & Company in a research note on Friday, May 16th. BMO Capital Markets reissued a "market perform" rating and issued a $460.00 price target (up previously from $425.00) on shares of Deere & Company in a research note on Wednesday, May 21st. Bank of America increased their price target on shares of Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Truist Financial increased their price target on shares of Deere & Company from $546.00 to $619.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Deere & Company has an average rating of "Hold" and an average target price of $515.19.

Check Out Our Latest Stock Analysis on DE

Deere & Company Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Deere & Company Right Now?

Before you consider Deere & Company, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.

While Deere & Company currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Hot Growth Stocks to Watch Right Now!
Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines