Clear Harbor Asset Management LLC Purchases 1,171 Shares of Deere & Company (NYSE:DE)

Clear Harbor Asset Management LLC increased its position in shares of Deere & Company (NYSE:DE - Free Report) by 48.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,565 shares of the industrial products company's stock after purchasing an additional 1,171 shares during the quarter. Clear Harbor Asset Management LLC's holdings in Deere & Company were worth $1,510,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DE. Wellington Management Group LLP lifted its holdings in shares of Deere & Company by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock worth $3,068,404,000 after acquiring an additional 1,782,984 shares during the period. Geode Capital Management LLC lifted its stake in Deere & Company by 0.6% during the third quarter. Geode Capital Management LLC now owns 5,208,368 shares of the industrial products company's stock worth $2,168,737,000 after purchasing an additional 31,459 shares during the last quarter. FMR LLC increased its stake in shares of Deere & Company by 27.8% in the 3rd quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock valued at $1,895,518,000 after purchasing an additional 988,380 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Deere & Company by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company's stock worth $842,259,000 after buying an additional 60,255 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Deere & Company by 8.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,994,657 shares of the industrial products company's stock worth $832,431,000 after buying an additional 158,732 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Up 1.7 %

Shares of DE traded up $7.62 during trading hours on Tuesday, hitting $463.06. 1,733,614 shares of the stock were exchanged, compared to its average volume of 1,386,234. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $469.39. The business has a 50-day moving average of $432.55 and a 200-day moving average of $403.19. The firm has a market capitalization of $126.11 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 2.81 and a beta of 0.98. 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 (NYSE:DE - Get Free Report) last released its earnings results 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. 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 firm's revenue was down 32.8% on a year-over-year basis. During the same quarter last year, the firm posted $8.26 earnings per share. On average, research analysts expect that Deere & Company will post 19.34 EPS for the current year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.40%. Deere & Company's dividend payout ratio is currently 25.31%.

Analyst Ratings Changes

Several brokerages have commented on DE. Jefferies Financial Group downgraded Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. Barclays increased their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Truist Financial boosted 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. Morgan Stanley increased their price target on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Finally, Citigroup reduced their price objective on Deere & Company from $470.00 to $430.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $442.83.

About Deere & Company

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.