Pine Valley Investments Ltd Liability Co Purchases 1,205 Shares of Deere & Company (NYSE:DE)

Pine Valley Investments Ltd Liability Co lifted its holdings in Deere & Company (NYSE:DE - Free Report) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,879 shares of the industrial products company's stock after acquiring an additional 1,205 shares during the period. Pine Valley Investments Ltd Liability Co's holdings in Deere & Company were worth $4,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stockbridge Partners LLC increased its holdings in Deere & Company by 157.5% in the third quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock worth $369,019,000 after purchasing an additional 540,874 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Deere & Company by 20.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company's stock worth $5,906,000 after buying an additional 2,692 shares during the period. Chase Investment Counsel Corp grew its position in shares of Deere & Company by 53.8% during the 3rd quarter. Chase Investment Counsel Corp now owns 4,000 shares of the industrial products company's stock worth $1,669,000 after buying an additional 1,400 shares during the period. Balentine LLC bought a new stake in shares of Deere & Company in the 3rd quarter valued at $710,000. Finally, Captrust Financial Advisors lifted its position in shares of Deere & Company by 2.7% during the 3rd quarter. Captrust Financial Advisors now owns 155,184 shares of the industrial products company's stock valued at $64,763,000 after acquiring an additional 4,051 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of DE stock traded down $8.55 during trading on Thursday, hitting $439.48. The company's stock had a trading volume of 867,049 shares, compared to its average volume of 1,441,555. The business has a fifty day moving average of $419.35 and a 200-day moving average of $391.72. The company has a market cap of $120.24 billion, a PE ratio of 17.21, a P/E/G ratio of 1.90 and a beta of 0.96. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business's revenue was down 32.8% compared to the same quarter last year. During the same period last year, the firm posted $8.26 EPS. As a group, research analysts anticipate that Deere & Company will post 19.52 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a $1.62 dividend. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.47%. Deere & Company's payout ratio is currently 25.31%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DE shares. Bank of America lifted their price target on shares of Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a research note on Friday, August 16th. Citigroup upped their price target on Deere & Company from $460.00 to $470.00 and gave the stock a "neutral" rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on Deere & Company from $420.00 to $450.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Morgan Stanley upped 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 lifted their price target on shares of Deere & Company from $496.00 to $538.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $443.28.

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.