DDD Partners LLC Has $323,000 Stock Position in Deere & Company (NYSE:DE)

DDD Partners LLC reduced its position in Deere & Company (NYSE:DE) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 809 shares of the industrial products company’s stock after selling 78 shares during the period. DDD Partners LLC’s holdings in Deere & Company were worth $323,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of DE. Moneta Group Investment Advisors LLC boosted its holdings in shares of Deere & Company by 104,373.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,219,883 shares of the industrial products company’s stock worth $1,380,557,000 after acquiring an additional 3,216,801 shares during the period. Norges Bank bought a new stake in shares of Deere & Company during the fourth quarter worth approximately $1,326,177,000. Morgan Stanley boosted its holdings in shares of Deere & Company by 13.8% during the fourth quarter. Morgan Stanley now owns 4,576,183 shares of the industrial products company’s stock worth $1,962,085,000 after acquiring an additional 554,133 shares during the period. First Trust Advisors LP boosted its holdings in shares of Deere & Company by 561.5% during the first quarter. First Trust Advisors LP now owns 531,339 shares of the industrial products company’s stock worth $219,379,000 after acquiring an additional 451,019 shares during the period. Finally, CI Private Wealth LLC bought a new stake in shares of Deere & Company during the fourth quarter worth approximately $139,112,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DE shares. Stifel Nicolaus reduced their price objective on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Morgan Stanley initiated coverage on shares of Deere & Company in a research report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Truist Financial initiated coverage on shares of Deere & Company in a research report on Thursday, March 14th. They issued a “buy” rating and a $494.00 price target for the company. Finally, Melius Research reiterated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and an average price target of $431.69.

Deere & Company Stock Up 2.7 %

Shares of NYSE:DE opened at $409.23 on Thursday. The company has a fifty day moving average of $379.82 and a 200-day moving average of $381.32. The company has a market capitalization of $113.91 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. Deere & Company has a 52-week low of $345.55 and a 52-week high of $450.00.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. During the same quarter in the previous year, the firm posted $6.55 earnings per share. Deere & Company’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, equities analysts predict that Deere & Company will post 27.41 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a yield of 1.44%. Deere & Company’s dividend payout ratio (DPR) is currently 17.12%.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.