Bryn Mawr Capital Management LLC Increases Stock Holdings in Deere & Company (NYSE:DE)

Bryn Mawr Capital Management LLC raised its holdings in Deere & Company (NYSE:DE) by 414.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,731 shares of the industrial products company’s stock after buying an additional 3,812 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Deere & Company were worth $2,005,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DE. Financial Perspectives Inc increased its holdings in shares of Deere & Company by 68.9% during the fourth quarter. Financial Perspectives Inc now owns 407 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 166 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in Deere & Company during the 4th quarter worth approximately $5,938,000. Hudson Value Partners LLC grew its position in Deere & Company by 2.3% during the 4th quarter. Hudson Value Partners LLC now owns 6,670 shares of the industrial products company’s stock worth $2,826,000 after purchasing an additional 150 shares during the last quarter. Wilkinson Global Asset Management LLC increased its stake in Deere & Company by 5.1% during the 4th quarter. Wilkinson Global Asset Management LLC now owns 134,947 shares of the industrial products company’s stock valued at $57,177,000 after purchasing an additional 6,545 shares in the last quarter. Finally, Convergence Investment Partners LLC raised its holdings in shares of Deere & Company by 9.2% in the fourth quarter. Convergence Investment Partners LLC now owns 619 shares of the industrial products company’s stock worth $262,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Truist Financial reiterated a “buy” rating and set a $546.00 price target (down previously from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Citigroup increased their price objective on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Evercore ISI increased their price target on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $454.65.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction that occurred 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. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $496.28 on Friday. The firm has a market cap of $135.16 billion, a PE ratio of 22.00, a P/E/G ratio of 2.17 and a beta of 0.98. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The business has a 50-day moving average price of $451.08 and a 200 day moving average price of $419.90.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 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%. Sell-side analysts predict that Deere & Company will post 19.3 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.62 per share. The ex-dividend date was Tuesday, December 31st. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.31%. Deere & Company’s dividend payout ratio is currently 28.72%.

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.