Deere & Company (NYSE:DE) Shares Acquired by Gouws Capital LLC

Gouws Capital LLC raised its holdings in shares of Deere & Company (NYSE:DE) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,499 shares of the industrial products company’s stock after buying an additional 335 shares during the period. Deere & Company comprises 3.8% of Gouws Capital LLC’s investment portfolio, making the stock its 11th largest position. Gouws Capital LLC’s holdings in Deere & Company were worth $5,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC lifted its position in Deere & Company by 69.8% during the third quarter. Empowered Funds LLC now owns 14,020 shares of the industrial products company’s stock valued at $5,851,000 after buying an additional 5,764 shares in the last quarter. Empirical Finance LLC increased its stake in shares of Deere & Company by 1.9% in the third quarter. Empirical Finance LLC now owns 9,303 shares of the industrial products company’s stock worth $3,882,000 after buying an additional 170 shares during the last quarter. Connable Office Inc. bought a new stake in shares of Deere & Company in the third quarter worth $2,058,000. Black Diamond Financial LLC bought a new stake in shares of Deere & Company in the third quarter worth $261,000. Finally, CIBC Asset Management Inc increased its stake in shares of Deere & Company by 4.0% in the third quarter. CIBC Asset Management Inc now owns 38,074 shares of the industrial products company’s stock worth $15,889,000 after buying an additional 1,474 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DE shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a report on Thursday, August 8th. HSBC downgraded Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. BMO Capital Markets assumed coverage on Deere & Company in a report on Friday, August 9th. They set a “market perform” rating and a $400.00 price objective on the stock. Truist Financial upped their target price on Deere & Company from $443.00 to $496.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Citigroup boosted their price target on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $420.69.

Deere & Company Stock Up 0.5 %

NYSE:DE traded up $2.10 during trading hours on Friday, reaching $396.74. The company’s stock had a trading volume of 232,484 shares, compared to its average volume of 1,427,141. The company has a market cap of $108.55 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.48 and a beta of 0.93. Deere & Company has a one year low of $340.20 and a one year high of $420.47. The business’s 50-day moving average is $403.69 and its 200-day moving average is $385.70. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. The firm had revenue of $11.39 billion during the quarter, compared to analysts’ expectations of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. Deere & Company’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period in the prior year, the company posted $10.20 earnings per share. Equities research analysts predict that Deere & Company will post 25 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company’s dividend payout ratio is presently 20.06%.

Deere & 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.