11,531 Shares in Deere & Company (NYSE:DE) Acquired by Partners Capital Investment Group LLP

Partners Capital Investment Group LLP acquired a new position in shares of Deere & Company (NYSE:DE) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,531 shares of the industrial products company’s stock, valued at approximately $4,886,000.

Other institutional investors have also recently modified their holdings of the company. Pineridge Advisors LLC raised its holdings in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 26 shares during the last quarter. Livelsberger Financial Advisory acquired a new position in Deere & Company in the 3rd quarter valued at $32,000. Modus Advisors LLC acquired a new position in Deere & Company in the 4th quarter valued at $32,000. YANKCOM Partnership acquired a new position in Deere & Company in the 4th quarter valued at $34,000. Finally, Synergy Asset Management LLC acquired a new position in Deere & Company in the 4th quarter valued at $35,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Up 3.0 %

Shares of Deere & Company stock opened at $480.17 on Monday. The company has a fifty day moving average price of $446.95 and a 200 day moving average price of $416.52. 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 has a twelve month low of $340.20 and a twelve month high of $485.84. The stock has a market cap of $130.77 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Equities research analysts forecast that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were given a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company’s dividend payout ratio is presently 25.31%.

Wall Street Analysts Forecast Growth

DE has been the subject of several analyst reports. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target for the company. in a report on Friday, December 6th. Truist Financial reiterated a “buy” rating and issued a $546.00 price target (down from $550.00) on shares of Deere & Company in a report on Friday. Oppenheimer boosted their price target on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price objective on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Morgan Stanley upped their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of “Hold” and a consensus target price of $450.12.

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.