Deere & Company (NYSE:DE) Shares Purchased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lifted its holdings in Deere & Company (NYSE:DEFree Report) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,284 shares of the industrial products company’s stock after purchasing an additional 94 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Deere & Company were worth $513,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DE. Norges Bank acquired a new stake in shares of Deere & Company in the 4th quarter worth $1,248,036,000. International Assets Investment Management LLC lifted its position in Deere & Company by 46,241.1% during the 4th quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock worth $336,142,000 after acquiring an additional 838,813 shares during the period. FMR LLC lifted its position in Deere & Company by 6.6% during the 3rd quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock worth $1,650,767,000 after acquiring an additional 269,571 shares during the period. Dimensional Fund Advisors LP lifted its position in Deere & Company by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,595,945 shares of the industrial products company’s stock worth $638,167,000 after acquiring an additional 160,369 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Deere & Company by 11.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,480,725 shares of the industrial products company’s stock worth $592,098,000 after acquiring an additional 149,980 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup lowered their price target on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, February 16th. JPMorgan Chase & Co. lowered their price target on Deere & Company from $425.00 to $385.00 and set a “neutral” rating for the company in a research report on Friday, May 17th. Oppenheimer reaffirmed an “outperform” rating and set a $456.00 price target on shares of Deere & Company in a research report on Thursday, May 16th. Truist Financial assumed coverage on Deere & Company in a research note on Thursday, March 14th. They set a “buy” rating and a $494.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on Deere & Company from $430.00 to $450.00 in a research note on Wednesday, May 15th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus price target of $432.92.

View Our Latest Stock Report on Deere & Company

Deere & Company Trading Down 0.2 %

DE stock opened at $385.87 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.80 and a debt-to-equity ratio of 1.81. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00. The stock has a market cap of $107.41 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.53 and a beta of 1.04. The business’s 50-day moving average is $399.95 and its 200 day moving average is $386.47.

Deere & Company (NYSE:DEGet Free Report) last issued its earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, topping the consensus estimate of $7.86 by $0.67. The business had revenue of $13.61 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The business’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.65 EPS. On average, sell-side analysts anticipate that Deere & Company will post 26.03 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Wednesday, March 27th. Deere & Company’s dividend payout ratio is currently 17.70%.

Deere & Company Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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