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

Diversified LLC lifted its position in shares of Deere & Company (NYSE:DE) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,026 shares of the industrial products company’s stock after purchasing an additional 73 shares during the period. Diversified LLC’s holdings in Deere & Company were worth $428,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Unison Asset Management LLC bought a new stake in shares of Deere & Company in the third quarter worth $1,800,000. Brown Brothers Harriman & Co. increased its stake in shares of Deere & Company by 0.7% in the third quarter. Brown Brothers Harriman & Co. now owns 110,316 shares of the industrial products company’s stock worth $46,038,000 after buying an additional 768 shares during the last quarter. Boston Family Office LLC increased its stake in shares of Deere & Company by 42.4% in the third quarter. Boston Family Office LLC now owns 1,175 shares of the industrial products company’s stock worth $490,000 after buying an additional 350 shares during the last quarter. DRW Securities LLC increased its stake in shares of Deere & Company by 388.3% in the third quarter. DRW Securities LLC now owns 3,086 shares of the industrial products company’s stock worth $1,288,000 after buying an additional 2,454 shares during the last quarter. Finally, Prosperity Financial Group Inc. increased its stake in shares of Deere & Company by 6.8% in the third quarter. Prosperity Financial Group Inc. now owns 901 shares of the industrial products company’s stock worth $376,000 after buying an additional 57 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Oppenheimer boosted their target price on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group boosted their target price on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Hsbc Global Res lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Thirteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $431.61.

Deere & Company Stock Performance

DE stock opened at $448.20 on Monday. The company has a market capitalization of $122.63 billion, a P/E ratio of 17.51, a PEG ratio of 1.75 and a beta of 0.93. The company has a 50-day simple moving average of $406.99 and a 200 day simple moving average of $386.22. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $448.20. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $3.90 by $0.65. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company’s quarterly revenue was down 32.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.26 earnings per share. Sell-side analysts predict that Deere & Company will post 21.31 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business 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 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company’s payout ratio is currently 22.97%.

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.