Deere & Company (NYSE:DE) Shares Bought by Empowered Funds LLC

Empowered Funds LLC grew its position in Deere & Company (NYSE:DE - Free Report) by 69.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,020 shares of the industrial products company's stock after purchasing an additional 5,764 shares during the quarter. Empowered Funds LLC's holdings in Deere & Company were worth $5,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DE. Pineridge Advisors LLC lifted its stake in shares of Deere & Company by 725.0% during the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company's stock worth $27,000 after buying an additional 58 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Deere & Company during the second quarter worth $26,000. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company during the third quarter worth $32,000. Olistico Wealth LLC acquired a new stake in shares of Deere & Company during the second quarter worth $37,000. Finally, Centennial Bank AR lifted its position in Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 84 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DE. Morgan Stanley decreased their target price on shares of Deere & Company from $450.00 to $425.00 and set an "overweight" rating for the company in a research report on Monday, August 26th. Hsbc Global Res downgraded shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 19th. BMO Capital Markets began coverage on shares of Deere & Company in a report on Friday, August 9th. They issued a "market perform" rating and a $400.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $360.00 to $420.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Finally, Citigroup lifted their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $420.69.

Deere & Company Price Performance

Shares of DE stock traded up $4.31 on Friday, reaching $398.95. 1,168,176 shares of the company were exchanged, compared to its average volume of 1,015,799. The company has a market cap of $109.15 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 1.52 and a beta of 0.93. The business has a 50-day moving average price of $404.03 and a 200 day moving average price of $385.64. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. Deere & Company has a 1 year low of $340.20 and a 1 year high of $420.47.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.39 billion during the quarter, compared to analysts' expectations of $10.94 billion. During the same quarter in the prior year, the company earned $10.20 EPS. Deere & Company's revenue was down 20.3% compared to the same quarter last year. Equities research analysts forecast that Deere & Company will post 25 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

Deere & Company 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.