LifeWealth Investments LLC bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,056 shares of the industrial products company's stock, valued at approximately $447,000.
Several other hedge funds have also recently made changes to their positions in the business. Compass Financial Services Inc bought a new position in Deere & Company in the 4th quarter worth about $254,000. Banque Pictet & Cie SA grew its stake in Deere & Company by 2.0% in the 4th quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock worth $33,165,000 after acquiring an additional 1,500 shares in the last quarter. Spectrum Financial Alliance Ltd LLC grew its stake in Deere & Company by 2.9% in the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock worth $21,021,000 after acquiring an additional 1,407 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in Deere & Company in the 4th quarter worth about $847,000. Finally, BankPlus Trust Department bought a new position in Deere & Company in the 4th quarter worth about $1,127,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on DE. Raymond James upped their price target on shares of Deere & Company from $530.00 to $560.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Robert W. Baird raised their price target on shares of Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Truist Financial increased their price target on Deere & Company from $546.00 to $619.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Citigroup cut their price objective on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a report on Friday. Finally, Bank of America lifted their price objective on shares of Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $515.19.
View Our Latest Report on DE
Deere & Company Trading Up 0.5%
Shares of Deere & Company stock traded up $2.32 on Friday, reaching $505.77. The company had a trading volume of 1,686,451 shares, compared to its average volume of 1,404,510. The firm's 50 day moving average price is $475.54 and its two-hundred day moving average price is $462.00. The firm has a market cap of $137.27 billion, a PE ratio of 22.42, a PEG ratio of 2.14 and a beta of 1.08. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The business had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the firm earned $8.53 EPS. The business's revenue was down 17.9% on a year-over-year basis. Sell-side analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Announces Dividend
The company also recently disclosed 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. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio is presently 31.35%.
About Deere & Company
(
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.
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