Braun Stacey Associates Inc. Decreases Position in Deere & Company (NYSE:DE)

Braun Stacey Associates Inc. cut its position in shares of Deere & Company (NYSE:DE - Free Report) by 13.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,574 shares of the industrial products company's stock after selling 2,077 shares during the period. Braun Stacey Associates Inc.'s holdings in Deere & Company were worth $5,665,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its position in shares of Deere & Company by 53,338.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company's stock valued at $356,602,000 after acquiring an additional 852,885 shares during the period. International Assets Investment Management LLC increased its position in shares of Deere & Company by 46,892.9% in the third quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock valued at $322,218,000 after buying an additional 770,451 shares in the last quarter. Swedbank AB acquired a new position in shares of Deere & Company during the 1st quarter worth approximately $191,628,000. Mawer Investment Management Ltd. purchased a new position in shares of Deere & Company during the 2nd quarter valued at approximately $166,937,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Deere & Company by 15.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company's stock valued at $802,037,000 after buying an additional 279,627 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BMO Capital Markets started coverage on shares of Deere & Company in a research report on Friday, August 9th. They set a "market perform" rating and a $400.00 price objective for the company. Bank of America raised their price target on shares of Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a research note on Friday, August 16th. Oppenheimer lowered their price objective on Deere & Company from $465.00 to $448.00 and set an "outperform" rating on the stock in a report on Monday, July 22nd. Truist Financial increased their target price on Deere & Company from $443.00 to $496.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, Citigroup lifted their price target on Deere & Company from $395.00 to $420.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of "Hold" and a consensus target price of $420.69.

Deere & Company Trading Up 1.4 %

Shares of DE traded up $5.60 during trading on Monday, reaching $404.55. 692,202 shares of the company traded hands, compared to its average volume of 1,428,197. The stock has a 50-day simple moving average of $404.03 and a 200-day simple moving average of $385.64. The stock has a market cap of $110.68 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Deere & Company has a twelve month low of $340.20 and a twelve month high of $420.47. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. The business had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The company's quarterly revenue was down 20.3% on a year-over-year basis. During the same period last year, the business posted $10.20 earnings per share. On average, analysts anticipate that Deere & Company will post 25 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company's dividend payout ratio is currently 20.06%.

Deere & Company Company Profile

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.