Deere & Company (NYSE:DE) is Ruffer LLP's 9th Largest Position

Ruffer LLP lifted its stake in shares of Deere & Company (NYSE:DE - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 186,051 shares of the industrial products company's stock after purchasing an additional 4,200 shares during the quarter. Deere & Company comprises 2.8% of Ruffer LLP's portfolio, making the stock its 9th largest position. Ruffer LLP owned approximately 0.07% of Deere & Company worth $78,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DE. Wellington Management Group LLP grew its holdings in Deere & Company by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock worth $3,068,404,000 after buying an additional 1,782,984 shares in the last quarter. Geode Capital Management LLC grew its holdings in Deere & Company by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,208,368 shares of the industrial products company's stock worth $2,168,737,000 after buying an additional 31,459 shares in the last quarter. FMR LLC grew its holdings in Deere & Company by 27.8% in the 3rd quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock worth $1,895,518,000 after buying an additional 988,380 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Deere & Company by 8.1% in the 4th quarter. Fisher Asset Management LLC now owns 2,155,613 shares of the industrial products company's stock worth $913,334,000 after buying an additional 160,956 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Deere & Company by 5.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,063,898 shares of the industrial products company's stock worth $874,473,000 after buying an additional 107,544 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

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Deere & Company Price Performance

Shares of DE traded down $10.93 during trading hours on Monday, hitting $488.69. 2,173,454 shares of the company were exchanged, compared to its average volume of 1,528,201. The company has a market capitalization of $132.64 billion, a PE ratio of 21.66, a PEG ratio of 2.14 and a beta of 1.01. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The firm has a fifty day simple moving average of $462.49 and a 200-day simple moving average of $430.99. Deere & Company has a one year low of $340.20 and a one year high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, sell-side analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be issued a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.33%. Deere & Company's payout ratio is currently 28.72%.

Insider Activity

In related news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DE shares. Argus set a $510.00 price objective on Deere & Company in a report on Friday. Jefferies Financial Group lowered 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. Truist Financial reissued a "buy" rating and issued a $546.00 price objective (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Finally, Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Deere & Company has an average rating of "Hold" and a consensus price target of $460.00.

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.