Yousif Capital Management LLC Has $15.80 Million Holdings in Deere & Company (NYSE:DE)

Yousif Capital Management LLC lowered its stake in Deere & Company (NYSE:DE) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,524 shares of the industrial products company’s stock after selling 3,847 shares during the period. Yousif Capital Management LLC’s holdings in Deere & Company were worth $15,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in shares of 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 purchasing an additional 838,813 shares during the last quarter. FMR LLC lifted its position in shares of 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 purchasing an additional 269,571 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of Deere & Company by 94.0% during the 3rd quarter. Quadrature Capital Ltd now owns 301,396 shares of the industrial products company’s stock worth $113,759,000 after purchasing an additional 146,069 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of Deere & Company during the 4th quarter worth about $43,384,000. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Deere & Company during the 3rd quarter worth about $38,876,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DE. JPMorgan Chase & Co. boosted their price objective on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Citigroup cut their price objective 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. Wells Fargo & Company cut their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a report on Friday, February 16th. Evercore ISI upped their price target on Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. Finally, Truist Financial began coverage on Deere & Company in a report on Thursday, March 14th. They issued a “buy” rating and a $494.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $433.28.

Deere & Company Price Performance

Shares of DE stock traded down $1.63 during trading hours on Wednesday, hitting $395.58. The company had a trading volume of 576,071 shares, compared to its average volume of 1,475,141. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The firm has a market capitalization of $110.11 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.50 and a beta of 1.04. The firm’s fifty day moving average is $386.42 and its 200 day moving average is $383.39. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same period in the prior year, the company posted $6.55 EPS. The company’s revenue was down 8.0% compared to the same quarter last year. On average, sell-side analysts predict that Deere & Company will post 27.37 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a yield of 1.49%. Deere & Company’s dividend payout ratio (DPR) is presently 17.12%.

About Deere & Company

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.