Trivium Point Advisory LLC Takes Position in Deere & Company $DE

Key Points

• Trivium Point Advisory LLC has acquired 532 shares of Deere & Company, valued at approximately $250,000, during the first quarter of the year.
• Deere & Company reported quarterly earnings of $4.75 per share, exceeding analysts' expectations, but noted a 9% decline in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $1.62 per share with an annual yield of 1.3%, reflecting its commitment to shareholder returns despite fluctuating earnings.

Trivium Point Advisory LLC acquired a new stake in Deere & Company (NYSE:DE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 532 shares of the industrial products company's stock, valued at approximately $250,000.

A number of other large investors have also recently added to or reduced their stakes in DE. Vanguard Group Inc. boosted its position in shares of Deere & Company by 0.8% during the first quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company's stock worth $10,355,546,000 after buying an additional 185,671 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Deere & Company by 19.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock worth $2,792,082,000 after acquiring an additional 1,095,736 shares in the last quarter. Capital World Investors boosted its holdings in Deere & Company by 2.7% during the 4th quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company's stock valued at $2,566,884,000 after acquiring an additional 157,224 shares during the period. Northern Trust Corp grew its position in Deere & Company by 12.8% in the 4th quarter. Northern Trust Corp now owns 2,915,729 shares of the industrial products company's stock valued at $1,235,394,000 after acquiring an additional 330,915 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Deere & Company by 7.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,587,065 shares of the industrial products company's stock valued at $1,096,179,000 after acquiring an additional 184,203 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of DE traded down $1.9330 during midday trading on Tuesday, reaching $489.1970. 1,493,661 shares of the stock were exchanged, compared to its average volume of 1,368,200. The business's 50-day moving average price is $510.56 and its 200 day moving average price is $490.14. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. Deere & Company has a twelve month low of $371.76 and a twelve month high of $533.78. The company has a market capitalization of $132.49 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.10 and a beta of 1.06.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business had revenue of $10.36 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the firm earned $6.29 earnings per share. The business's revenue was down 9.0% compared to the same quarter last year. On average, sell-side analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, June 30th were given a dividend of $1.62 per share. The ex-dividend date was Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. Deere & Company's payout ratio is 33.87%.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of research reports. The Goldman Sachs Group restated a "buy" rating on shares of Deere & Company in a report on Thursday, May 15th. Robert W. Baird dropped their price target on shares of Deere & Company from $520.00 to $488.00 and set a "neutral" rating for the company in a research note on Friday. Truist Financial cut their price objective on Deere & Company from $619.00 to $602.00 and set a "buy" rating on the stock in a research report on Friday. Barclays upped their price objective on Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $460.00 price objective (up previously from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $523.87.

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.