Tableaux LLC Takes $626,000 Position in Deere & Company (NYSE:DE)

Tableaux LLC bought a new position in Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,477 shares of the industrial products company's stock, valued at approximately $626,000.

Other large investors also recently modified their holdings of the company. Compass Financial Services Inc bought a new stake in Deere & Company during the 4th quarter valued at approximately $254,000. Banque Pictet & Cie SA raised its holdings 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 during the last quarter. Spectrum Financial Alliance Ltd LLC raised its holdings 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 during the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Deere & Company in the 4th quarter worth approximately $847,000. Finally, BankPlus Trust Department purchased a new stake in Deere & Company during the 4th quarter valued at $1,127,000. 68.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Truist Financial boosted their target price 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. Evercore ISI boosted their target price 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 lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday. DA Davidson reiterated a "buy" rating and set a $542.00 target price on shares of Deere & Company in a research note on Friday, May 16th. Finally, Bank of America upped their price objective on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $515.19.

Deere & Company Price Performance

Deere & Company stock traded up $2.32 during mid-day trading on Friday, hitting $505.77. The stock had a trading volume of 1,686,451 shares, compared to its average volume of 1,400,784. The firm has a market capitalization of $137.27 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The firm's 50 day moving average is $475.54 and its 200 day moving average is $462.98. Deere & Company has a one year low of $340.20 and a one year high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results 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. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The company had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm posted $8.53 EPS. Deere & Company's quarterly revenue was down 17.9% compared to the same quarter last year. On average, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share 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 dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is presently 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.