Citizens Financial Group Inc. RI decreased its holdings in Deere & Company (NYSE:DE - Free Report) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,787 shares of the industrial products company's stock after selling 1,875 shares during the period. Citizens Financial Group Inc. RI's holdings in Deere & Company were worth $9,092,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in DE. Pineridge Advisors LLC boosted its position in Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company's stock valued at $27,000 after buying an additional 58 shares during the period. Fairscale Capital LLC purchased a new stake in shares of Deere & Company in the second quarter valued at approximately $26,000. Livelsberger Financial Advisory bought a new position in Deere & Company in the third quarter worth approximately $32,000. Olistico Wealth LLC purchased a new stake in shares of Deere & Company in the 2nd quarter worth $37,000. Finally, Centennial Bank AR grew its position in shares of Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after buying an additional 84 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on DE shares. Morgan Stanley decreased their price objective on Deere & Company from $450.00 to $425.00 and set an "overweight" rating for the company in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Deere & Company from $402.00 to $389.00 and set a "hold" rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $360.00 to $420.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Truist Financial upped their target price on Deere & Company from $443.00 to $496.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, HSBC downgraded Deere & Company from a "buy" rating to a "hold" rating in a report on Monday, August 19th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $420.69.
Check Out Our Latest Research Report on DE
Deere & Company Stock Performance
Shares of Deere & Company stock opened at $405.11 on Thursday. The company has a 50 day moving average price of $404.97 and a 200 day moving average price of $385.83. The firm has a market capitalization of $110.84 billion, a P/E ratio of 13.82, a PEG ratio of 1.52 and a beta of 0.93. 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 has a 52 week low of $340.20 and a 52 week high of $420.47.
Deere & Company Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were issued a $1.47 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.45%. Deere & Company's dividend payout ratio is currently 20.06%.
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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