Sivia Capital Partners LLC Buys Shares of 477 Deere & Company (NYSE:DE)

Sivia Capital Partners LLC acquired a new position in Deere & Company (NYSE:DE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 477 shares of the industrial products company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fairscale Capital LLC purchased a new stake in Deere & Company during the 2nd quarter worth approximately $26,000. Livelsberger Financial Advisory purchased a new position in Deere & Company in the 3rd quarter worth $32,000. Modus Advisors LLC purchased a new stake in Deere & Company during the 4th quarter valued at about $32,000. Centennial Bank AR increased its holdings in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares during the period. Finally, Continuum Advisory LLC raised its stake in shares of Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Price Performance

Shares of NYSE DE traded up $21.81 during mid-day trading on Monday, reaching $430.38. The company’s stock had a trading volume of 1,427,636 shares, compared to its average volume of 1,160,290. The stock has a 50-day moving average of $427.99 and a two-hundred day moving average of $400.08. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The stock has a market capitalization of $117.75 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.88 and a beta of 0.96. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business’s revenue was down 32.8% on a year-over-year basis. During the same period last year, the company posted $8.26 EPS. On average, equities research analysts anticipate that Deere & Company will post 19.41 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.51%. The ex-dividend date is Tuesday, December 31st. Deere & Company’s dividend payout ratio is presently 22.97%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of recent research reports. Truist Financial raised their price target on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Oppenheimer upped 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. JPMorgan Chase & Co. lifted their price objective on Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Citigroup raised their target price on Deere & Company from $460.00 to $470.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Finally, Barclays boosted their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Deere & Company has a consensus rating of “Hold” and a consensus price target of $443.94.

About Deere & Company

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.