Deere & Company (NYSE:DE) Shares Purchased by Hudson Value Partners LLC

Hudson Value Partners LLC increased its position in shares of Deere & Company (NYSE:DE) by 2.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,670 shares of the industrial products company’s stock after acquiring an additional 150 shares during the quarter. Hudson Value Partners LLC’s holdings in Deere & Company were worth $2,826,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wilkinson Global Asset Management LLC grew its stake in shares of Deere & Company by 5.1% in the 4th quarter. Wilkinson Global Asset Management LLC now owns 134,947 shares of the industrial products company’s stock valued at $57,177,000 after buying an additional 6,545 shares during the period. Convergence Investment Partners LLC grew its position in Deere & Company by 9.2% in the fourth quarter. Convergence Investment Partners LLC now owns 619 shares of the industrial products company’s stock worth $262,000 after acquiring an additional 52 shares during the period. Allied Investment Advisors LLC increased its stake in Deere & Company by 0.8% during the fourth quarter. Allied Investment Advisors LLC now owns 26,348 shares of the industrial products company’s stock worth $11,164,000 after acquiring an additional 217 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in Deere & Company in the fourth quarter valued at $550,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Deere & Company by 1.2% in the 4th quarter. New York State Common Retirement Fund now owns 383,748 shares of the industrial products company’s stock valued at $162,594,000 after purchasing an additional 4,531 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DE shares. Morgan Stanley boosted their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Truist Financial restated a “buy” rating and issued a $546.00 price objective (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Oppenheimer lifted their price objective on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. UBS Group raised their target price on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Deere & Company has an average rating of “Hold” and an average target price of $450.12.

Deere & Company Stock Up 4.4 %

DE stock opened at $501.40 on Wednesday. The business has a 50-day moving average of $448.71 and a 200-day moving average of $418.73. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $502.10. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The stock has a market capitalization of $136.55 billion, a P/E ratio of 22.22, a P/E/G ratio of 2.96 and a beta of 0.98.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, sell-side analysts anticipate that Deere & Company will post 19.35 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were issued a dividend of $1.62 per share. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date was Tuesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.29%. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Deere & Company 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.