Nilsine Partners LLC Acquires 536 Shares of Deere & Company (NYSE:DE)

Nilsine Partners LLC grew its holdings in Deere & Company (NYSE:DE - Free Report) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,225 shares of the industrial products company's stock after purchasing an additional 536 shares during the period. Nilsine Partners LLC's holdings in Deere & Company were worth $2,214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Everence Capital Management Inc. grew its stake in Deere & Company by 148.3% during the 4th quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock valued at $5,179,000 after acquiring an additional 7,300 shares in the last quarter. Stockbridge Partners LLC lifted its position in Deere & Company by 157.5% in the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock worth $369,019,000 after buying an additional 540,874 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Deere & Company by 1.5% during the 3rd quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company's stock valued at $36,288,000 after buying an additional 1,291 shares during the period. Chase Investment Counsel Corp increased its stake in shares of Deere & Company by 53.8% in the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the industrial products company's stock worth $1,669,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Czech National Bank raised its holdings in shares of Deere & Company by 5.7% during the fourth quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock worth $23,376,000 after acquiring an additional 2,964 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Performance

DE traded down $3.56 on Tuesday, hitting $480.59. 1,642,397 shares of the stock traded hands, compared to its average volume of 1,421,406. The business has a fifty day moving average price of $440.14 and a two-hundred day moving average price of $407.30. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $130.89 billion, a PE ratio of 18.77, a P/E/G ratio of 2.84 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $485.84.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.89 by $0.66. The business had revenue of $9.28 billion for 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%. Deere & Company's quarterly revenue was down 32.8% on a year-over-year basis. During the same period in the previous year, the business posted $8.26 earnings per share. On average, research analysts predict that Deere & Company will post 19.34 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This is a positive change 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 25.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DE. Truist Financial raised their price target on Deere & Company from $538.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Oppenheimer lifted their target price on shares of Deere & Company from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Tuesday. Citigroup dropped their price target on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Barclays upped their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group lowered Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $444.50.

About Deere & Company

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.