Mosaic Advisors LLC Acquires Shares of 1,029 Deere & Company (NYSE:DE)

Mosaic Advisors LLC acquired a new stake in shares of Deere & Company (NYSE:DE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,029 shares of the industrial products company’s stock, valued at approximately $411,000. Deere & Company accounts for about 0.2% of Mosaic Advisors LLC’s holdings, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Deere & Company by 46,241.1% in the 4th quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock worth $336,142,000 after purchasing an additional 838,813 shares during the last quarter. FMR LLC raised its position in Deere & Company by 6.6% in the 3rd quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock worth $1,650,767,000 after buying an additional 269,571 shares during the last quarter. Quadrature Capital Ltd raised its position in Deere & Company by 94.0% in the 3rd quarter. Quadrature Capital Ltd now owns 301,396 shares of the industrial products company’s stock worth $113,759,000 after buying an additional 146,069 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in Deere & Company in the 4th quarter worth about $43,384,000. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in Deere & Company in the 3rd quarter worth about $38,876,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 0.6 %

NYSE:DE traded down $2.40 during midday trading on Tuesday, hitting $397.21. 1,256,103 shares of the company traded hands, compared to its average volume of 1,486,899. The firm’s fifty day moving average is $386.06 and its 200-day moving average is $383.26. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00. The firm has a market capitalization of $110.57 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.50 and a beta of 1.04. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, beating the consensus estimate of $5.19 by $1.04. The company had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. Deere & Company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.55 EPS. On average, sell-side analysts predict that Deere & Company will post 27.4 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is presently 17.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DE shares. Deutsche Bank Aktiengesellschaft decreased their target price on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Wells Fargo & Company cut their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Morgan Stanley began coverage on Deere & Company in a research note on Monday, January 8th. They set an “overweight” rating and a $430.00 price target for the company. JPMorgan Chase & Co. upped their price target on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Truist Financial began coverage on Deere & Company in a research note on Thursday, March 14th. They issued a “buy” rating and a $494.00 price target for the company. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Deere & Company presently has a consensus rating of “Hold” and an average price target of $433.28.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.