Aureus Asset Management LLC purchased a new position in shares of Deere & Company (NYSE:DE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,764 shares of the industrial products company's stock, valued at approximately $5,327,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in Deere & Company during the 2nd quarter valued at about $26,000. Livelsberger Financial Advisory purchased a new position in shares of Deere & Company during the third quarter valued at approximately $32,000. Olistico Wealth LLC bought a new position in shares of Deere & Company during the second quarter valued at approximately $37,000. Centennial Bank AR lifted its stake in Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after acquiring an additional 84 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in Deere & Company in the third quarter valued at $47,000. Institutional investors own 68.58% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Barclays lifted their price objective on Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Truist Financial raised their target price on shares of Deere & Company from $496.00 to $538.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Bank of America upped 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. Oppenheimer lifted their price objective on Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Finally, Evercore ISI raised their price target on Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a report on Monday, August 19th. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $436.41.
Check Out Our Latest Stock Report on DE
Deere & Company Stock Performance
Shares of NYSE:DE traded down $2.95 during trading on Monday, hitting $462.95. The company's stock had a trading volume of 1,266,900 shares, compared to its average volume of 1,449,118. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The firm has a market cap of $126.66 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.99 and a beta of 0.93. The company has a 50-day moving average of $413.25 and a 200-day moving average of $388.13. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts' consensus estimates of $3.90 by $0.65. The business had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business's quarterly revenue was down 32.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $8.26 earnings per share. On average, sell-side analysts expect that Deere & Company will post 19.52 earnings per share for the current year.
About Deere & Company
(
Free Report)
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.
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