Brooklyn Investment Group Has $651,000 Stake in Deere & Company (NYSE:DE)

Brooklyn Investment Group boosted its position in Deere & Company (NYSE:DE) by 11.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,561 shares of the industrial products company’s stock after purchasing an additional 164 shares during the period. Brooklyn Investment Group’s holdings in Deere & Company were worth $651,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new position in Deere & Company in the 2nd quarter valued at approximately $26,000. Pineridge Advisors LLC increased its position in Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 58 shares during the period. Livelsberger Financial Advisory bought a new position in shares of Deere & Company during the third quarter valued at $32,000. Olistico Wealth LLC acquired a new position in shares of Deere & Company during the second quarter worth $37,000. Finally, Centennial Bank AR lifted its holdings in shares of Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 84 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Down 0.7 %

Deere & Company stock opened at $459.55 on Tuesday. The firm has a market capitalization of $125.73 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93. The firm’s fifty day moving average price is $408.35 and its two-hundred day moving average price is $386.60. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

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

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were paid a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.28%. Deere & Company’s payout ratio is 22.97%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial raised their price objective on Deere & Company from $496.00 to $538.00 and gave the stock a “buy” rating in a research report on Friday. HSBC cut Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Hsbc Global Res lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, Citigroup boosted their target price 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. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $433.00.

About Deere & Company

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.