Atomi Financial Group Inc. Purchases 580 Shares of Deere & Company (NYSE:DE)

Atomi Financial Group Inc. increased its stake in shares of Deere & Company (NYSE:DE - Free Report) by 34.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,277 shares of the industrial products company's stock after buying an additional 580 shares during the quarter. Atomi Financial Group Inc.'s holdings in Deere & Company were worth $965,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DE. DLK Investment Management LLC lifted its position in shares of Deere & Company by 0.3% in the fourth quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock valued at $3,479,000 after acquiring an additional 24 shares in the last quarter. Mattern Wealth Management LLC lifted 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 worth $786,000 after purchasing an additional 25 shares in the last quarter. Carret Asset Management LLC boosted its stake in Deere & Company by 0.3% in the 3rd quarter. Carret Asset Management LLC now owns 8,148 shares of the industrial products company's stock worth $3,401,000 after purchasing an additional 25 shares during the period. Round Rock Advisors LLC grew its holdings in Deere & Company by 2.0% during the 3rd quarter. Round Rock Advisors LLC now owns 1,252 shares of the industrial products company's stock valued at $522,000 after buying an additional 25 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its position in shares of Deere & Company by 4.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock valued at $236,000 after buying an additional 25 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DE. Citigroup cut their price objective on Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Truist Financial raised their price target on Deere & Company from $538.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Barclays increased their target price on Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Jefferies Financial Group cut shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price target on the stock. in a research report on Friday, December 6th. Finally, Oppenheimer increased their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Deere & Company currently has a consensus rating of "Hold" and a consensus target price of $442.83.

Deere & Company Trading Up 3.4 %

Shares of NYSE:DE traded up $15.47 during trading on Thursday, reaching $475.22. 1,395,001 shares of the company were exchanged, compared to its average volume of 1,361,734. The business's fifty day simple moving average is $435.34 and its 200-day simple moving average is $404.30. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a 12-month low of $340.20 and a 12-month high of $475.01. The firm has a market capitalization of $129.43 billion, a PE ratio of 18.56, a P/E/G ratio of 2.86 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same period last year, the business posted $8.26 EPS. Deere & Company's quarterly revenue was down 32.8% on a year-over-year basis. On average, research analysts anticipate that Deere & Company will post 19.34 EPS for the current year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This is an increase from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.36%. Deere & Company's dividend payout ratio (DPR) is 25.31%.

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.