Tema Etfs LLC bought a new position in shares of Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 787 shares of the industrial products company's stock, valued at approximately $333,000.
Several other hedge funds have also recently modified their holdings of the company. Compass Financial Services Inc purchased a new stake in Deere & Company during the fourth quarter worth about $254,000. Banque Pictet & Cie SA grew its position in shares of Deere & Company by 2.0% during the 4th quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock valued at $33,165,000 after acquiring an additional 1,500 shares during the period. Spectrum Financial Alliance Ltd LLC increased its stake in shares of Deere & Company by 2.9% during 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 purchasing an additional 1,407 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Deere & Company in the 4th quarter worth approximately $847,000. Finally, BankPlus Trust Department bought a new stake in shares of Deere & Company in the 4th quarter worth approximately $1,127,000. Institutional investors own 68.58% of the company's stock.
Deere & Company Price Performance
Shares of NYSE:DE traded up $0.90 on Thursday, hitting $515.56. The company's stock had a trading volume of 948,493 shares, compared to its average volume of 1,413,474. The company has a market capitalization of $139.93 billion, a PE ratio of 22.85, a PEG ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The company has a 50-day simple moving average of $471.37 and a 200 day simple moving average of $456.81. Deere & Company has a 1 year low of $340.20 and a 1 year high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share 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 last year, the firm posted $8.53 earnings per share. Deere & Company's quarterly revenue was down 17.9% on a year-over-year basis. Sell-side analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.
Deere & Company Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.26%. The ex-dividend date was Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is currently 31.35%.
Analysts Set New Price Targets
DE has been the topic of several research analyst reports. Wall Street Zen upgraded Deere & Company from a "sell" rating to a "hold" rating in a research note on Thursday. Truist Financial upped their price target on Deere & Company from $546.00 to $619.00 and gave the company a "buy" rating in a research report on Friday, May 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. JPMorgan Chase & Co. upped their price objective on shares of Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Oppenheimer increased their target price on shares of Deere & Company from $513.00 to $555.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Deere & Company currently has an average rating of "Hold" and an average price target of $516.75.
Read Our Latest Report on DE
Deere & 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.
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