2,213 Shares in Deere & Company (NYSE:DE) Acquired by 49 Wealth Management LLC

49 Wealth Management LLC bought a new position in Deere & Company (NYSE:DE - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,213 shares of the industrial products company's stock, valued at approximately $924,000.

Other large investors also recently bought and sold shares of the company. Mattern Wealth Management LLC increased its holdings in Deere & Company by 1.3% in the 3rd quarter. Mattern Wealth Management LLC now owns 1,884 shares of the industrial products company's stock valued at $786,000 after acquiring an additional 25 shares during the last quarter. Carret Asset Management LLC grew its position in Deere & Company by 0.3% during the third quarter. Carret Asset Management LLC now owns 8,148 shares of the industrial products company's stock valued at $3,401,000 after buying an additional 25 shares during the period. Round Rock Advisors LLC boosted its stake in shares of Deere & Company by 2.0% in the third quarter. Round Rock Advisors LLC now owns 1,252 shares of the industrial products company's stock worth $522,000 after acquiring an additional 25 shares during the last quarter. Centaurus Financial Inc. grew its position in Deere & Company by 2.3% in the second quarter. Centaurus Financial Inc. now owns 1,160 shares of the industrial products company's stock worth $433,000 after acquiring an additional 26 shares during the period. Finally, Cornell Pochily Investment Advisors Inc. lifted its holdings in Deere & Company by 0.7% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 3,495 shares of the industrial products company's stock worth $1,459,000 after buying an additional 26 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DE shares. Evercore ISI increased their price objective on Deere & Company from $371.00 to $378.00 and gave the stock an "in-line" rating in a research report on Monday, August 19th. Truist Financial lifted their price target on Deere & Company from $496.00 to $538.00 and gave the company a "buy" rating in a report on Friday. Bank of America lifted their price target on Deere & Company from $400.00 to $410.00 and gave the stock a "neutral" rating in a research note on Friday, August 16th. Morgan Stanley decreased their price target on Deere & Company from $450.00 to $425.00 and set an "overweight" rating for the company in a research note on Monday, August 26th. Finally, Oppenheimer raised their price objective on Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research report on Friday. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $429.82.

Deere & Company Price Performance

Shares of DE stock traded up $9.79 during midday trading on Friday, reaching $447.33. 1,260,326 shares of the company traded hands, compared to its average volume of 1,441,524. The firm's 50 day simple moving average is $405.95 and its two-hundred day simple moving average is $386.18. The firm has a market cap of $122.39 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.54 and a beta of 0.93. Deere & Company has a 1-year low of $340.20 and a 1-year high of $447.50. 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 - Get Free Report) last announced its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.65. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same period last year, the firm earned $8.26 earnings per share. The company's revenue was down 32.8% on a year-over-year basis. On average, equities research analysts expect that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed 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 1.31%. Deere & Company's payout ratio is 20.06%.

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.