Deere & Company (NYSE:DE) Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC decreased its position in Deere & Company (NYSE:DE) by 0.9% during the 3rd quarter, Holdings Channel reports. The fund owned 3,613 shares of the industrial products company’s stock after selling 31 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Deere & Company were worth $1,508,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC increased its holdings in shares of Deere & Company by 4.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 24,060 shares of the industrial products company’s stock valued at $9,882,000 after acquiring an additional 1,059 shares during the last quarter. Waverly Advisors LLC raised its holdings in Deere & Company by 107.1% during the first quarter. Waverly Advisors LLC now owns 5,020 shares of the industrial products company’s stock worth $2,062,000 after purchasing an additional 2,596 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Deere & Company during the first quarter worth approximately $904,000. Dynasty Wealth Management LLC purchased a new stake in shares of Deere & Company during the 1st quarter worth approximately $588,000. Finally, Tidal Investments LLC boosted its holdings in shares of Deere & Company by 2.3% in the 1st quarter. Tidal Investments LLC now owns 29,541 shares of the industrial products company’s stock valued at $12,134,000 after buying an additional 677 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on DE. Barclays lifted their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a report on Friday. Truist Financial raised their price target on Deere & Company from $496.00 to $538.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Finally, BMO Capital Markets started coverage on Deere & Company in a report on Friday, August 9th. They issued a “market perform” rating and a $400.00 price objective for the company. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $433.00.

Deere & Company Stock Performance

NYSE DE opened at $462.81 on Tuesday. The stock has a market capitalization of $126.62 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.75 and a beta of 0.93. The business’s 50 day moving average is $408.35 and its two-hundred day moving average is $386.60. Deere & Company has a 12-month low of $340.20 and a 12-month high of $469.39. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the prior year, the company posted $8.26 earnings per share. Deere & Company’s quarterly revenue was down 32.8% on a year-over-year basis. Research analysts expect that Deere & Company will post 21.31 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were issued a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.27%. Deere & Company’s dividend payout ratio is presently 22.97%.

Deere & 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.