Deere & Company (NYSE:DE) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in shares of Deere & Company (NYSE:DE - Free Report) by 1.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,128 shares of the industrial products company's stock after selling 512 shares during the quarter. Yousif Capital Management LLC's holdings in Deere & Company were worth $16,487,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Deere & Company by 19.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock valued at $2,792,082,000 after purchasing an additional 1,095,736 shares during the last quarter. Capital World Investors boosted its holdings in shares of Deere & Company by 2.7% during the fourth quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company's stock worth $2,566,884,000 after acquiring an additional 157,224 shares during the period. FMR LLC increased its position in Deere & Company by 22.9% during the fourth quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock worth $2,364,843,000 after acquiring an additional 1,039,395 shares during the period. Geode Capital Management LLC raised its position in shares of Deere & Company by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,305,571 shares of the industrial products company's stock valued at $2,247,216,000 after buying an additional 97,203 shares in the last quarter. Finally, Norges Bank acquired a new position in Deere & Company in the fourth quarter valued at about $1,244,094,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Price Performance

NYSE:DE traded down $7.82 during mid-day trading on Friday, reaching $509.04. The stock had a trading volume of 824,497 shares, compared to its average volume of 1,394,113. The firm has a 50 day moving average price of $485.29 and a two-hundred day moving average price of $468.18. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. Deere & Company has a one year low of $340.20 and a one year high of $533.78. The stock has a market capitalization of $137.86 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.14 and a beta of 1.09.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. The business had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business's quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $8.53 EPS. As a group, analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors 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 1.27%. The ex-dividend date is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is 31.35%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Evercore ISI raised their price target 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. Argus set a $510.00 target price on Deere & Company in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Melius Research upgraded shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Truist Financial increased their price target on shares of Deere & Company from $546.00 to $619.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $515.19.

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.