Deere & Company (NYSE:DE) Shares Purchased by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. increased its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,800 shares of the industrial products company's stock after buying an additional 3,000 shares during the period. Deere & Company comprises approximately 2.0% of Nicola Wealth Management LTD.'s investment portfolio, making the stock its 15th largest holding. Nicola Wealth Management LTD.'s holdings in Deere & Company were worth $22,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairscale Capital LLC purchased a new position in Deere & Company in the 2nd quarter valued at $26,000. Pineridge Advisors LLC increased its stake in shares of Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company's stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company in the 3rd quarter worth $32,000. Olistico Wealth LLC acquired a new stake in shares of Deere & Company in the 2nd quarter worth $37,000. Finally, Centennial Bank AR increased its position in shares of Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Truist Financial raised their price objective on Deere & Company from $443.00 to $496.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Hsbc Global Res cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 19th. Citigroup boosted their target price on Deere & Company from $395.00 to $420.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft decreased their target price on Deere & Company from $402.00 to $389.00 and set a "hold" rating for the company in a research note on Thursday, August 8th. Finally, BMO Capital Markets assumed coverage on Deere & Company in a research note on Friday, August 9th. They issued a "market perform" rating and a $400.00 price objective for the company. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of "Hold" and an average price target of $420.69.

Deere & Company Price Performance

Shares of DE traded up $5.23 during trading hours on Thursday, reaching $394.68. 1,224,979 shares of the company traded hands, compared to its average volume of 1,432,701. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $107.98 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.50 and a beta of 0.93. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $420.47. The stock has a fifty day simple moving average of $403.47 and a 200 day simple moving average of $385.64.

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

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were issued a $1.47 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.49%. Deere & Company's dividend payout ratio (DPR) is 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.