Crown Oak Advisors LLC Grows Stock Position in Deere & Company (NYSE:DE)

Crown Oak Advisors LLC boosted its stake in Deere & Company (NYSE:DE) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,198 shares of the industrial products company’s stock after purchasing an additional 214 shares during the quarter. Deere & Company makes up 5.3% of Crown Oak Advisors LLC’s investment portfolio, making the stock its 7th largest position. Crown Oak Advisors LLC’s holdings in Deere & Company were worth $10,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DE. Thrivent Financial for Lutherans grew its holdings in shares of Deere & Company by 5.9% during the second quarter. Thrivent Financial for Lutherans now owns 31,298 shares of the industrial products company’s stock worth $11,694,000 after purchasing an additional 1,740 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Deere & Company by 80.5% during the second quarter. Public Sector Pension Investment Board now owns 9,171 shares of the industrial products company’s stock valued at $3,427,000 after purchasing an additional 4,091 shares during the last quarter. Evergreen Capital Management LLC grew its stake in Deere & Company by 10.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,537 shares of the industrial products company’s stock worth $577,000 after buying an additional 142 shares in the last quarter. AlTi Global Inc. increased its holdings in shares of Deere & Company by 145.0% in the 2nd quarter. AlTi Global Inc. now owns 4,997 shares of the industrial products company’s stock worth $1,874,000 after buying an additional 2,957 shares during the last quarter. Finally, AXA S.A. raised its position in shares of Deere & Company by 56.3% during the 2nd quarter. AXA S.A. now owns 255,429 shares of the industrial products company’s stock valued at $95,436,000 after buying an additional 92,049 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DE. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a report on Friday, December 6th. UBS Group boosted their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Truist Financial upped their price target on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Oppenheimer lifted their price target on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley increased their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Deere & Company presently has a consensus rating of “Hold” and a consensus price target of $442.83.

Deere & Company Stock Performance

Deere & Company stock opened at $475.22 on Friday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $475.92. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $129.43 billion, a P/E ratio of 18.56, a PEG ratio of 2.86 and a beta of 0.98. The stock’s 50 day moving average is $435.34 and its 200 day moving average is $404.30.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company’s revenue was down 32.8% on a year-over-year basis. During the same period last year, the company earned $8.26 earnings per share. On average, equities research analysts predict that Deere & Company will post 19.34 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a $1.62 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.36%. Deere & Company’s dividend payout ratio is 25.31%.

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.