Northside Capital Management LLC Takes Position in Deere & Company (NYSE:DE)

Northside Capital Management LLC purchased a new stake in Deere & Company (NYSE:DE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 829 shares of the industrial products company's stock, valued at approximately $351,000.

Several other institutional investors have also made changes to their positions in DE. Federated Hermes Inc. raised its holdings in shares of Deere & Company by 2.1% during the 2nd quarter. Federated Hermes Inc. now owns 15,896 shares of the industrial products company's stock worth $5,939,000 after buying an additional 332 shares in the last quarter. One Capital Management LLC bought a new stake in Deere & Company during the 2nd quarter worth $272,000. Edgestream Partners L.P. acquired a new position in Deere & Company in the 2nd quarter worth about $216,000. Mutual of America Capital Management LLC raised its position in Deere & Company by 5.5% in the second quarter. Mutual of America Capital Management LLC now owns 41,179 shares of the industrial products company's stock valued at $15,386,000 after purchasing an additional 2,153 shares during the last quarter. Finally, Tredje AP fonden boosted its stake in shares of Deere & Company by 50.2% during the second quarter. Tredje AP fonden now owns 244,059 shares of the industrial products company's stock valued at $91,188,000 after purchasing an additional 81,600 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a report on Friday, December 6th. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a research note on Wednesday. Oppenheimer boosted their price objective 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. Morgan Stanley raised their target price on Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Finally, Truist Financial upped their price target on Deere & Company from $538.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $442.83.

Deere & Company Trading Up 2.4 %

Shares of NYSE:DE traded up $10.41 during mid-day trading on Thursday, hitting $439.29. The company had a trading volume of 1,181,298 shares, compared to its average volume of 1,258,570. 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 $469.39. The firm has a fifty day moving average price of $429.66 and a 200 day moving average price of $401.06. The company has a market capitalization of $119.30 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.66. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business's quarterly revenue was down 32.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.26 earnings per share. As a group, research analysts forecast that Deere & Company will post 19.57 EPS for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio (DPR) is 25.31%.

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.