Atomi Financial Group Inc. Boosts Stock Holdings in Deere & Company (NYSE:DE)

Atomi Financial Group Inc. lifted its holdings in Deere & Company (NYSE:DE) by 34.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,277 shares of the industrial products company’s stock after purchasing an additional 580 shares during the period. Atomi Financial Group Inc.’s holdings in Deere & Company were worth $965,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its position in shares of Deere & Company by 5.9% during the second quarter. Thrivent Financial for Lutherans now owns 31,298 shares of the industrial products company’s stock valued at $11,694,000 after buying an additional 1,740 shares during the last quarter. DRW Securities LLC purchased a new stake in Deere & Company during the second quarter valued at approximately $234,000. Public Sector Pension Investment Board boosted its stake in Deere & Company by 80.5% in the second quarter. Public Sector Pension Investment Board now owns 9,171 shares of the industrial products company’s stock valued at $3,427,000 after acquiring an additional 4,091 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in Deere & Company by 10.2% in the second quarter. Evergreen Capital Management LLC now owns 1,537 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 142 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Deere & Company by 59.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 50,653 shares of the industrial products company’s stock worth $18,925,000 after purchasing an additional 18,789 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DE has been the subject of a number of recent analyst reports. UBS Group raised their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Truist Financial upped their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Citigroup decreased their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley upped their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Deere & Company currently has a consensus rating of “Hold” and a consensus price target of $442.83.

Deere & Company Stock Down 0.8 %

DE stock opened at $459.55 on Thursday. Deere & Company has a one year low of $340.20 and a one year high of $469.39. 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 firm’s fifty day moving average is $433.94 and its 200 day moving average is $403.91. The firm has a market cap of $125.16 billion, a PE ratio of 17.95, a P/E/G ratio of 2.81 and a beta of 0.98.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company’s quarterly revenue was down 32.8% on a year-over-year basis. During the same period last year, the firm earned $8.26 EPS. On average, research analysts forecast that Deere & Company will post 19.34 EPS for the current year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.41%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio is presently 25.31%.

Deere & 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.