829 Shares in Deere & Company (NYSE:DE) Purchased by Northside Capital Management LLC

Northside Capital Management LLC acquired a new stake in shares of Deere & Company (NYSE:DE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 829 shares of the industrial products company’s stock, valued at approximately $351,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. boosted its stake in Deere & Company by 2.1% during the second quarter. Federated Hermes Inc. now owns 15,896 shares of the industrial products company’s stock worth $5,939,000 after acquiring an additional 332 shares in the last quarter. One Capital Management LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $272,000. Edgestream Partners L.P. purchased a new stake in shares of Deere & Company in the 2nd quarter worth approximately $216,000. Mutual of America Capital Management LLC increased its position in Deere & Company by 5.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 41,179 shares of the industrial products company’s stock valued at $15,386,000 after buying an additional 2,153 shares in the last quarter. Finally, Tredje AP fonden increased its position in Deere & Company by 50.2% during the 2nd quarter. Tredje AP fonden now owns 244,059 shares of the industrial products company’s stock valued at $91,188,000 after buying an additional 81,600 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DE shares. Truist Financial boosted their target price on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a report on Wednesday. Oppenheimer increased their price target on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Citigroup decreased their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Deere & Company currently has an average rating of “Hold” and a consensus price target of $442.83.

Deere & Company Trading Down 0.8 %

Shares of DE stock opened at $428.84 on Thursday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The company has a market cap of $116.46 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.74 and a beta of 0.98. Deere & Company has a 1 year low of $340.20 and a 1 year high of $469.39. The firm has a fifty day moving average price of $429.20 and a 200-day moving average price of $400.87.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter last year, the company earned $8.26 earnings per share. The business’s revenue for the quarter was down 32.8% compared to the same quarter last year. As a group, equities analysts predict that Deere & Company will post 19.57 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, December 31st. 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%.

Deere & Company 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.