Deere & Company (NYSE:DE) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC raised its stake in shares of Deere & Company (NYSE:DE - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,548 shares of the industrial products company's stock after purchasing an additional 1,278 shares during the period. Brighton Jones LLC's holdings in Deere & Company were worth $1,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in Deere & Company by 32.0% during the third quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock worth $3,068,404,000 after buying an additional 1,782,984 shares during the period. Geode Capital Management LLC grew its holdings in Deere & Company by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,208,368 shares of the industrial products company's stock valued at $2,168,737,000 after purchasing an additional 31,459 shares during the last quarter. FMR LLC grew its holdings in Deere & Company by 27.8% during 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 position in Deere & Company by 2.7% in 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 purchasing an additional 60,255 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in Deere & Company by 8.6% in the third quarter. Fisher Asset Management LLC now owns 1,994,657 shares of the industrial products company's stock worth $832,431,000 after purchasing an additional 158,732 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Up 0.9 %

NYSE DE traded up $4.18 during trading on Friday, hitting $478.90. The company's stock had a trading volume of 1,400,742 shares, compared to its average volume of 1,025,682. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $479.48. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The company has a market cap of $130.43 billion, a PE ratio of 18.71, a P/E/G ratio of 2.84 and a beta of 0.98. The business's 50 day simple moving average is $438.55 and its 200-day simple moving average is $405.66.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating 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 company's revenue for the quarter was down 32.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.26 EPS. On average, equities analysts anticipate that Deere & Company will post 19.34 EPS for the current fiscal year.

Deere & Company Increases Dividend

The company 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 $1.62 dividend. This is a boost from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Tuesday, December 31st. Deere & Company's payout ratio is currently 25.31%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. UBS Group increased their target price on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Truist Financial lifted their target price on Deere & Company from $538.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Oppenheimer raised their price target on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Finally, Citigroup lowered their price objective on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $442.83.

Deere & Company Profile

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.