Deere & Company (NYSE:DE) Holdings Trimmed by Neo Ivy Capital Management

Neo Ivy Capital Management trimmed its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 78.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 849 shares of the industrial products company's stock after selling 3,183 shares during the period. Neo Ivy Capital Management's holdings in Deere & Company were worth $359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DE. Robertson Stephens Wealth Management LLC lifted its holdings 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 purchasing an additional 22 shares during the last quarter. Quent Capital LLC increased its position in Deere & Company by 2.8% in the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock worth $377,000 after buying an additional 24 shares during the period. Valeo Financial Advisors LLC lifted its stake 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 valued at $3,398,000 after buying an additional 24 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its holdings in shares of Deere & Company by 1.2% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 2,115 shares of the industrial products company's stock valued at $896,000 after acquiring an additional 25 shares during the period. Finally, Massachusetts Wealth Management boosted its holdings in shares of Deere & Company by 0.5% during the fourth quarter. Massachusetts Wealth Management now owns 5,127 shares of the industrial products company's stock valued at $2,172,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

Analyst Ratings Changes

DE has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Truist Financial boosted their price objective on Deere & Company from $546.00 to $619.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. BMO Capital Markets reissued a "market perform" rating and issued a $460.00 price objective (up from $425.00) on shares of Deere & Company in a report on Wednesday, May 21st. Citigroup lifted their target price on Deere & Company from $450.00 to $550.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Finally, Oppenheimer increased their price target on Deere & Company from $513.00 to $555.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Deere & Company currently has an average rating of "Hold" and a consensus target price of $516.75.

Deere & Company Price Performance

DE stock traded down $1.74 on Wednesday, hitting $507.89. 739,257 shares of the company's stock traded hands, compared to its average volume of 1,406,012. The stock has a market cap of $137.85 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 2.14 and a beta of 1.08. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78. The stock has a fifty day moving average of $473.84 and a 200-day moving average of $460.21. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. During the same period last year, the company posted $8.53 EPS. The company's revenue was down 17.9% compared to the same quarter last year. On average, analysts forecast 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. Shareholders of record on Monday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.28%. Deere & Company's payout ratio is presently 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.