5,922 Shares in Deere & Company $DE Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP bought a new stake in Deere & Company (NYSE:DE) during the second quarter, Holdings Channel reports. The institutional investor bought 5,922 shares of the industrial products company’s stock, valued at approximately $3,011,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Deere & Company during the second quarter worth $1,578,243,000. Nuveen LLC purchased a new stake in shares of Deere & Company during the 1st quarter worth about $571,073,000. TD Asset Management Inc raised its stake in shares of Deere & Company by 132.0% during the 2nd quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock worth $366,946,000 after purchasing an additional 410,636 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Deere & Company by 97.1% during the 1st quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock valued at $344,442,000 after buying an additional 361,526 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its stake in shares of Deere & Company by 50,691.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 332,179 shares of the industrial products company’s stock valued at $168,910,000 after buying an additional 331,525 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

NYSE DE opened at $482.60 on Friday. The company’s fifty day moving average is $467.58 and its two-hundred day moving average is $489.59. Deere & Company has a 52-week low of $403.01 and a 52-week high of $533.78. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.22 and a quick ratio of 2.01. The firm has a market capitalization of $130.46 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 1.77 and a beta of 1.00.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). The firm had revenue of $12.39 billion during the quarter, compared to the consensus estimate of $9.77 billion. Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.Deere & Company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.55 EPS. Equities research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Deere & Company’s dividend payout ratio is 35.01%.

Insiders Place Their Bets

In other news, CEO John C. May II sold 11,106 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $500.08, for a total value of $5,553,888.48. Following the completion of the transaction, the chief executive officer directly owned 112,453 shares of the company’s stock, valued at approximately $56,235,496.24. This represents a 8.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Daiwa Capital Markets lowered their target price on shares of Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a research report on Tuesday. UBS Group reiterated a “buy” rating on shares of Deere & Company in a research note on Tuesday, November 25th. Wolfe Research lowered their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Deere & Company in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $518.95.

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.