Partners Capital Investment Group LLP Makes New Investment in Deere & Company (NYSE:DE)

Partners Capital Investment Group LLP purchased a new stake in Deere & Company (NYSE:DE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,531 shares of the industrial products company's stock, valued at approximately $4,886,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DE. Creative Planning raised its holdings in Deere & Company by 2.1% in the 3rd quarter. Creative Planning now owns 75,462 shares of the industrial products company's stock valued at $31,493,000 after acquiring an additional 1,555 shares during the last quarter. Accurate Wealth Management LLC raised its holdings in Deere & Company by 28.0% in the 3rd quarter. Accurate Wealth Management LLC now owns 1,910 shares of the industrial products company's stock valued at $768,000 after acquiring an additional 418 shares during the last quarter. Blue Trust Inc. raised its holdings in Deere & Company by 17.2% in the 3rd quarter. Blue Trust Inc. now owns 4,745 shares of the industrial products company's stock valued at $1,980,000 after acquiring an additional 696 shares during the last quarter. Spectrum Financial Alliance Ltd LLC raised its holdings in Deere & Company by 23.4% in the 3rd quarter. Spectrum Financial Alliance Ltd LLC now owns 48,206 shares of the industrial products company's stock valued at $20,118,000 after acquiring an additional 9,139 shares during the last quarter. Finally, Resonant Capital Advisors LLC acquired a new stake in Deere & Company in the 3rd quarter valued at about $206,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now owns 74,878 shares of the company's stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DE shares. Truist Financial restated a "buy" rating and set a $546.00 price target (down previously from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Morgan Stanley raised their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Evercore ISI raised their price target on shares of Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday. UBS Group raised their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of "Hold" and a consensus target price of $454.65.

Deere & Company Stock Performance

NYSE DE traded down $12.99 during trading on Thursday, reaching $496.28. The company's stock had a trading volume of 1,514,537 shares, compared to its average volume of 1,476,719. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The business's fifty day moving average price is $449.95 and its 200-day moving average price is $419.37. The firm has a market cap of $135.16 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 2.17 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. As a group, analysts anticipate that Deere & Company will post 19.3 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Tuesday, December 31st. This is an increase from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio is 28.72%.

Deere & Company 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.