Deere & Company (NYSE:DE) Shares Acquired by LRT Capital Management LLC

LRT Capital Management LLC lifted its stake in shares of Deere & Company (NYSE:DE) by 24.8% during the 4th quarter, Holdings Channel reports. The fund owned 1,515 shares of the industrial products company’s stock after buying an additional 301 shares during the quarter. LRT Capital Management LLC’s holdings in Deere & Company were worth $642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Financial Services Inc acquired a new position in shares of Deere & Company in the 4th quarter valued at $254,000. Czech National Bank raised its holdings in Deere & Company by 5.7% in the 4th quarter. Czech National Bank now owns 55,170 shares of the industrial products company’s stock valued at $23,376,000 after buying an additional 2,964 shares during the period. Banque Pictet & Cie SA lifted its position in Deere & Company by 2.0% in the fourth quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company’s stock valued at $33,165,000 after buying an additional 1,500 shares during the last quarter. Spectrum Financial Alliance Ltd LLC lifted its position in Deere & Company by 2.9% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company’s stock valued at $21,021,000 after buying an additional 1,407 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in Deere & Company during the fourth quarter worth about $847,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Baird R W downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. boosted their target price on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. StockNews.com lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Sunday, April 6th. Truist Financial reaffirmed a “buy” rating and issued a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Finally, Oppenheimer increased their target price on Deere & Company from $510.00 to $513.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Deere & Company has an average rating of “Hold” and a consensus target price of $460.21.

Deere & Company Stock Up 0.5%

DE stock opened at $492.33 on Monday. The company’s 50 day moving average price is $465.80 and its 200 day moving average price is $451.49. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $515.05. The firm has a market capitalization of $133.63 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. On average, equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Monday, March 31st were paid a dividend of $1.62 per share. The ex-dividend date was Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.32%. Deere & Company’s payout ratio is currently 28.72%.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the transaction, the insider now directly owns 74,878 shares of the company’s stock, valued at $37,484,675.58. This represents a 24.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

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.