Deere & Company (NYSE:DE) Shares Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC boosted its position in shares of Deere & Company (NYSE:DE - Free Report) by 84.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,160 shares of the industrial products company's stock after buying an additional 5,105 shares during the quarter. SteelPeak Wealth LLC's holdings in Deere & Company were worth $4,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DE. Wellington Management Group LLP grew its holdings in Deere & Company by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock valued at $3,068,404,000 after purchasing an additional 1,782,984 shares during the last quarter. FMR LLC raised its holdings in shares of Deere & Company by 27.8% in the third 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 during the period. Pathway Financial Advisers LLC lifted its stake in shares of Deere & Company by 53,338.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company's stock worth $356,602,000 after acquiring an additional 852,885 shares during the last quarter. International Assets Investment Management LLC increased its stake in Deere & Company by 46,892.9% in the third quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock worth $322,218,000 after purchasing an additional 770,451 shares during the period. Finally, Stockbridge Partners LLC lifted its position in shares of Deere & Company by 157.5% during 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 during the last quarter. Institutional investors own 68.58% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DE. Barclays raised their target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. UBS Group raised their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a report 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 report on Monday, November 25th. Oppenheimer raised their price target on Deere & Company from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Deere & Company from $450.00 to $470.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of "Hold" and an average price target of $444.50.

Deere & Company Stock Down 0.8 %

NYSE:DE traded down $3.70 during midday trading on Friday, reaching $476.29. 1,351,460 shares of the stock traded hands, compared to its average volume of 1,380,732. Deere & Company has a 12-month low of $340.20 and a 12-month high of $485.84. The business has a 50-day moving average of $444.09 and a two-hundred day moving average of $409.10. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The stock has a market capitalization of $129.72 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.95 and a beta of 0.98.

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, beating 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 business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the prior year, the business posted $8.26 EPS. Deere & Company's revenue for the quarter was down 32.8% compared to the same quarter last year. On average, equities analysts forecast that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio is presently 25.31%.

About Deere & Company

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.