Deere & Company (NYSE:DE) Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC increased its stake in shares of Deere & Company (NYSE:DE - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,179 shares of the industrial products company's stock after purchasing an additional 549 shares during the period. Mutual Advisors LLC's holdings in Deere & Company were worth $1,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Assetmark Inc. raised its position in shares of Deere & Company by 24.2% in the fourth quarter. Assetmark Inc. now owns 47,832 shares of the industrial products company's stock valued at $20,267,000 after buying an additional 9,316 shares during the last quarter. Atria Investments Inc raised its position in shares of Deere & Company by 10.7% in the fourth quarter. Atria Investments Inc now owns 12,822 shares of the industrial products company's stock valued at $5,433,000 after buying an additional 1,243 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Deere & Company by 23.4% in the fourth quarter. Proficio Capital Partners LLC now owns 1,253 shares of the industrial products company's stock worth $531,000 after buying an additional 238 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Deere & Company during the fourth quarter worth about $296,232,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on DE shares. Evercore ISI increased their price objective on shares of Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a report on Monday, May 19th. UBS Group cut their price target on Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a report on Monday, April 7th. The Goldman Sachs Group reissued a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Barclays raised their target price on Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, Truist Financial boosted their price target on shares of Deere & Company from $546.00 to $619.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $515.19.

Deere & Company Trading Down 0.5%

Shares of DE traded down $2.82 during midday trading on Friday, hitting $517.50. 470,313 shares of the stock were exchanged, compared to its average volume of 1,356,450. 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 1.76, a quick ratio of 1.89 and a current ratio of 2.11. The stock has a fifty day simple moving average of $506.47 and a 200 day simple moving average of $475.24. The firm has a market cap of $140.15 billion, a P/E ratio of 25.04, a P/E/G ratio of 3.31 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 EPS for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. Deere & Company's revenue for the quarter was down 17.9% on a year-over-year basis. During the same period last year, the business posted $8.53 EPS. On average, research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

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 paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's payout ratio is currently 31.35%.

Deere & Company 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.