Deere & Company (NYSE:DE) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank increased its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 1.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 86,952 shares of the industrial products company's stock after acquiring an additional 1,291 shares during the period. Toronto Dominion Bank's holdings in Deere & Company were worth $36,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DE. Wellington Management Group LLP grew its position in shares of Deere & Company by 32.0% in the third quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock valued at $3,068,404,000 after purchasing an additional 1,782,984 shares during the period. FMR LLC lifted its stake in 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 buying an additional 988,380 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in Deere & Company by 53,338.6% in 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 buying an additional 852,885 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Deere & Company by 46,892.9% in the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock worth $322,218,000 after buying an additional 770,451 shares during the last quarter. Finally, Stockbridge Partners LLC increased its stake in Deere & Company by 157.5% during the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock worth $369,019,000 after buying an additional 540,874 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Performance

Shares of DE traded down $8.55 during mid-day trading on Thursday, reaching $439.48. 867,049 shares of the company's stock were exchanged, compared to its average volume of 1,441,555. The business's fifty day simple moving average is $419.35 and its 200-day simple moving average is $391.72. The stock has a market capitalization of $120.24 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. Deere & Company has a 52-week low of $340.20 and a 52-week high of $469.39. 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 quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter last year, the company posted $8.26 earnings per share. The business's revenue was down 32.8% on a year-over-year basis. On average, equities research analysts expect that Deere & Company will post 19.52 earnings per share for the current year.

Deere & Company Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DE shares. JPMorgan Chase & Co. raised their target price on Deere & Company from $420.00 to $450.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Evercore ISI lifted their target price on shares of Deere & Company from $371.00 to $378.00 and gave the stock an "in-line" rating in a research note on Monday, August 19th. Hsbc Global Res lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, August 19th. Truist Financial raised their price target on shares of Deere & Company from $496.00 to $538.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Finally, Oppenheimer upped their price objective on Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of "Hold" and a consensus price target of $443.28.

Deere & 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.