Sarasin & Partners LLP reduced its position in shares of Deere & Company (NYSE:DE - Free Report) by 33.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 513,344 shares of the industrial products company's stock after selling 258,522 shares during the quarter. Deere & Company comprises about 2.4% of Sarasin & Partners LLP's portfolio, making the stock its 17th biggest position. Sarasin & Partners LLP owned 0.19% of Deere & Company worth $217,504,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in shares of Deere & Company in the second quarter worth $26,000. Livelsberger Financial Advisory purchased a new position in Deere & Company in the 3rd quarter valued at about $32,000. Modus Advisors LLC acquired a new stake in shares of Deere & Company in the fourth quarter worth approximately $32,000. Centennial Bank AR grew its stake in 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 acquiring an additional 84 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after buying an additional 67 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on DE. Citigroup lowered their price objective on Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Truist Financial boosted their price objective on Deere & Company from $538.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised their target price on Deere & Company from $450.00 to $470.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Jefferies Financial Group cut Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a research note on Friday, December 6th. Finally, UBS Group upped their price objective on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $442.83.
Get Our Latest Report on DE
Deere & Company Trading Up 4.0 %
Shares of Deere & Company stock traded up $17.46 on Monday, hitting $456.57. The stock had a trading volume of 2,315,484 shares, compared to its average volume of 906,286. The stock has a 50 day moving average of $431.48 and a 200 day moving average of $402.53. The firm has a market capitalization of $124.00 billion, a P/E ratio of 17.83, a PEG ratio of 1.74 and a beta of 0.98. Deere & Company has a twelve month low of $340.20 and a twelve month high of $469.39. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the previous year, the company earned $8.26 EPS. The company's revenue for the quarter was down 32.8% on a year-over-year basis. Sell-side analysts expect that Deere & Company will post 19.57 earnings per share for the current fiscal year.
Deere & Company Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a $1.62 dividend. This is a boost from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.42%. Deere & Company's dividend payout ratio (DPR) is presently 25.31%.
Deere & Company Profile
(
Free Report)
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.
See Also
Before you consider Deere & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.
While Deere & Company currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
