IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 1,455 Shares of Deere & Company (NYSE:DE)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its position in Deere & Company (NYSE:DE - Free Report) by 6.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,845 shares of the industrial products company's stock after selling 1,455 shares during the period. Deere & Company makes up about 0.9% of IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings, making the stock its 22nd biggest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Deere & Company were worth $8,699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pineridge Advisors LLC raised its holdings 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 valued at $27,000 after buying an additional 58 shares during the last quarter. Fairscale Capital LLC acquired a new position in Deere & Company in the 2nd quarter worth approximately $26,000. Olistico Wealth LLC acquired a new stake in shares of Deere & Company during the 2nd quarter valued at $37,000. Financial Synergies Wealth Advisors Inc. boosted its stake in shares of Deere & Company by 2,500.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 104 shares of the industrial products company's stock valued at $43,000 after buying an additional 100 shares during the period. Finally, Centennial Bank AR boosted its stake 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 valued at $39,000 after buying an additional 84 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DE has been the subject of a number of research reports. Hsbc Global Res lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 19th. Truist Financial lifted their price objective on shares of Deere & Company from $443.00 to $496.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Raymond James began coverage on shares of Deere & Company in a research note on Friday, June 28th. They issued an "outperform" rating and a $420.00 price objective for the company. 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 research note on Wednesday, October 9th. Finally, BMO Capital Markets began coverage on shares of 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $420.69.

Deere & Company Stock Performance

Shares of NYSE:DE traded down $4.23 on Thursday, hitting $405.14. 1,392,881 shares of the company were exchanged, compared to its average volume of 1,474,164. The company's 50 day moving average price is $390.66 and its two-hundred day moving average price is $385.36. Deere & Company has a one year low of $340.20 and a one year high of $420.47. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. The firm has a market capitalization of $111.64 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.35 and a beta of 0.92.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.63 by $0.66. The company had revenue of $11.39 billion for the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business's revenue was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.20 EPS. Research analysts expect that Deere & Company will post 25.03 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be paid a $1.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.45%. Deere & Company's payout ratio is currently 17.70%.

Deere & 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.