Empirical Finance LLC Has $3.88 Million Stock Holdings in Deere & Company (NYSE:DE)

Empirical Finance LLC increased its holdings in shares of Deere & Company (NYSE:DE) by 1.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,303 shares of the industrial products company’s stock after acquiring an additional 170 shares during the period. Empirical Finance LLC’s holdings in Deere & Company were worth $3,882,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DE. Dorsey & Whitney Trust CO LLC increased its stake in shares of Deere & Company by 3.3% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 3,398 shares of the industrial products company’s stock valued at $1,396,000 after acquiring an additional 107 shares in the last quarter. Banco Santander S.A. increased its stake in Deere & Company by 37.0% in the first quarter. Banco Santander S.A. now owns 16,909 shares of the industrial products company’s stock valued at $6,945,000 after purchasing an additional 4,564 shares in the last quarter. M&G Plc acquired a new position in shares of Deere & Company during the first quarter valued at about $2,008,000. Prevail Innovative Wealth Advisors LLC boosted its position in shares of Deere & Company by 31.9% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 5,735 shares of the industrial products company’s stock worth $2,356,000 after purchasing an additional 1,387 shares in the last quarter. Finally, First Foundation Advisors grew its stake in shares of Deere & Company by 2.3% in the 1st quarter. First Foundation Advisors now owns 1,249 shares of the industrial products company’s stock valued at $513,000 after buying an additional 28 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DE has been the topic of several recent research reports. Bank of America increased their price target on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Morgan Stanley cut their target price on Deere & Company from $450.00 to $425.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Citigroup upped their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Evercore ISI lifted their price objective on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a report on Monday, August 19th. Finally, BMO Capital Markets began coverage on shares of Deere & Company in a research report on Friday, August 9th. They issued a “market perform” rating and a $400.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $420.69.

Deere & Company Trading Down 0.1 %

Shares of Deere & Company stock opened at $394.17 on Friday. The firm has a market cap of $107.84 billion, a PE ratio of 13.47, a P/E/G ratio of 1.48 and a beta of 0.93. Deere & Company has a 1 year low of $340.20 and a 1 year high of $420.47. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. The stock has a fifty day moving average price of $403.47 and a 200-day moving average price of $385.64.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business had revenue of $11.39 billion for the quarter, compared to analyst estimates of $10.94 billion. During the same quarter in the previous year, the firm posted $10.20 earnings per share. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. Equities research analysts anticipate that Deere & Company will post 25 EPS for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were paid a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 annualized dividend and a yield of 1.49%. Deere & Company’s payout ratio is 20.06%.

Deere & Company Company Profile

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.