Exchange Traded Concepts LLC decreased its position in shares of Deere & Company (NYSE:DE - Free Report) by 12.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 53,466 shares of the industrial products company's stock after selling 7,367 shares during the period. Exchange Traded Concepts LLC's holdings in Deere & Company were worth $22,654,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Modus Advisors LLC purchased a new position in shares of Deere & Company during the 4th quarter worth about $32,000. Livelsberger Financial Advisory purchased a new position in Deere & Company during the third quarter worth approximately $32,000. Centennial Bank AR boosted its holdings in shares of Deere & Company by 420.0% in the 2nd 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 last quarter. Continuum Advisory LLC grew its stake in shares of Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after buying an additional 67 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Deere & Company during the 3rd quarter worth $47,000. Institutional investors and hedge funds own 68.58% of the company's stock.
Analysts Set New Price Targets
DE has been the subject of a number of research reports. Barclays boosted their price target on Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Oppenheimer raised their price target on shares of Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Truist Financial boosted their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Morgan Stanley raised their target price on shares of Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Finally, UBS Group increased their price target on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $442.83.
Read Our Latest Research Report on DE
Deere & Company Stock Up 0.9 %
Shares of NYSE:DE traded up $4.18 during midday trading on Friday, reaching $478.90. The company had a trading volume of 1,400,742 shares, compared to its average volume of 1,406,863. The stock has a market capitalization of $130.43 billion, a P/E ratio of 18.71, a PEG ratio of 2.84 and a beta of 0.98. The stock's fifty day moving average price is $436.95 and its 200-day moving average price is $404.80. 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 has a one year low of $340.20 and a one year high of $479.48.
Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the previous year, the firm earned $8.26 EPS. The company's revenue was down 32.8% on a year-over-year basis. Equities research analysts expect that Deere & Company will post 19.34 earnings per share 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. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio (DPR) is currently 25.31%.
Deere & Company Profile
(
Free Report)
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.
Further Reading
Before you consider Deere & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.
While Deere & Company currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
