Deere & Company (NYSE:DE) Shares Purchased by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lifted its position in Deere & Company (NYSE:DE - Free Report) by 38.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 619,442 shares of the industrial products company's stock after buying an additional 173,170 shares during the quarter. Deere & Company makes up 1.2% of Mawer Investment Management Ltd.'s investment portfolio, making the stock its 24th largest holding. Mawer Investment Management Ltd. owned approximately 0.23% of Deere & Company worth $262,458,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DE. Townsquare Capital LLC grew its stake in Deere & Company by 26.2% during the 3rd quarter. Townsquare Capital LLC now owns 6,354 shares of the industrial products company's stock worth $2,652,000 after purchasing an additional 1,319 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Deere & Company by 14.2% during the third quarter. Public Sector Pension Investment Board now owns 10,471 shares of the industrial products company's stock worth $4,370,000 after buying an additional 1,300 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Deere & Company during the third quarter worth approximately $113,000. Circle Wealth Management LLC acquired a new stake in Deere & Company in the third quarter valued at approximately $382,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in Deere & Company in the third quarter worth approximately $27,961,000. Institutional investors and hedge funds own 68.58% of the company's stock.

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Insider Buying and Selling at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DE. Truist Financial restated a "buy" rating and issued a $546.00 price objective (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Evercore ISI raised their target price on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Oppenheimer increased their target price on shares of Deere & Company from $477.00 to $507.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Argus set a $510.00 target price on Deere & Company in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their price target on Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Fourteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $460.00.

Deere & Company Price Performance

Shares of NYSE DE traded down $15.46 during midday trading on Thursday, hitting $455.44. The company had a trading volume of 1,160,941 shares, compared to its average volume of 1,401,073. The firm has a market capitalization of $123.61 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The business has a 50-day simple moving average of $478.09 and a two-hundred day simple moving average of $441.50. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.42%. Deere & Company's payout ratio is 28.72%.

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.