Deere & Company (NYSE:DE) Shares Purchased by CCLA Investment Management

CCLA Investment Management lifted its stake in Deere & Company (NYSE:DE - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,714 shares of the industrial products company's stock after purchasing an additional 21,494 shares during the period. CCLA Investment Management owned approximately 0.08% of Deere & Company worth $90,542,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Fairscale Capital LLC purchased a new position in Deere & Company during the 2nd quarter valued at about $26,000. Livelsberger Financial Advisory acquired a new position in shares of Deere & Company during the 3rd quarter worth approximately $32,000. Modus Advisors LLC purchased a new stake in Deere & Company in the 4th quarter valued at approximately $32,000. Centennial Bank AR grew its holdings in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after buying an additional 84 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Trading Down 0.8 %

DE traded down $3.47 during trading on Wednesday, hitting $428.84. 1,432,051 shares of the company's stock were exchanged, compared to its average volume of 1,267,156. Deere & Company has a 1 year low of $340.20 and a 1 year high of $469.39. The stock has a 50 day moving average price of $429.20 and a 200 day moving average price of $400.87. The firm has a market cap of $116.80 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

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, beating 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 analyst estimates of $9.20 billion. During the same period last year, the company posted $8.26 earnings per share. The firm's revenue was down 32.8% compared to the same quarter last year. As a group, analysts expect that Deere & Company will post 19.41 EPS for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a $1.62 dividend. This is an increase from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.51%. Deere & Company's dividend payout ratio (DPR) is 25.31%.

Analysts Set New Price Targets

DE has been the topic of several recent research reports. Barclays upped 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. JPMorgan Chase & Co. upped their target price on shares of Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a report on Wednesday. Citigroup lowered their price target on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a report on Tuesday. Jefferies Financial Group downgraded shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective on the stock. in a research note on Friday, December 6th. Finally, Truist Financial lifted their target price on shares of Deere & Company from $538.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $442.83.

Deere & 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.