Deere & Company (NYSE:DE) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 18.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,535 shares of the industrial products company's stock after purchasing an additional 4,100 shares during the period. Aptus Capital Advisors LLC's holdings in Deere & Company were worth $11,074,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Deere & Company by 1.2% during the first quarter. Vanguard Group Inc. now owns 21,988,363 shares of the industrial products company's stock valued at $9,031,500,000 after purchasing an additional 263,709 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Deere & Company by 0.5% during the first quarter. Janus Henderson Group PLC now owns 3,859,021 shares of the industrial products company's stock valued at $1,585,028,000 after acquiring an additional 19,200 shares during the period. Legal & General Group Plc increased its holdings in shares of Deere & Company by 2.7% in the second quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company's stock worth $842,259,000 after purchasing an additional 60,255 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Deere & Company by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company's stock worth $802,037,000 after purchasing an additional 279,627 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Deere & Company by 8.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,470,159 shares of the industrial products company's stock worth $603,854,000 after purchasing an additional 114,116 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DE has been the topic of several analyst reports. Evercore ISI boosted their price objective on 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 cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 19th. Truist Financial boosted their price objective on Deere & Company from $443.00 to $496.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on Deere & Company from $360.00 to $420.00 and gave the company a "neutral" rating in a research report on Friday, October 11th. Finally, Bank of America boosted their target price on Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a research report on Friday, August 16th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $420.69.

Deere & Company Price Performance

Shares of DE stock traded down $8.82 during mid-day trading on Tuesday, hitting $393.83. 1,144,428 shares of the stock were exchanged, compared to its average volume of 1,433,454. The firm has a fifty day moving average of $403.35 and a 200 day moving average of $385.61. 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. The company has a market cap of $107.75 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.50 and a beta of 0.93.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business had revenue of $11.39 billion for the quarter, compared to analyst estimates of $10.94 billion. During the same period in the prior year, the company posted $10.20 EPS. The company's revenue for the quarter was down 20.3% on a year-over-year basis. Research analysts anticipate that Deere & Company will post 25 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Monday, September 30th. Deere & Company's dividend payout ratio is presently 20.06%.

About Deere & Company

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.