Deere & Company (NYSE:DE) Shares Purchased by Sarasin & Partners LLP

Sarasin & Partners LLP raised its holdings in Deere & Company (NYSE:DE) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 662,923 shares of the industrial products company’s stock after purchasing an additional 37,800 shares during the quarter. Deere & Company accounts for about 2.7% of Sarasin & Partners LLP’s holdings, making the stock its 14th biggest position. Sarasin & Partners LLP owned approximately 0.24% of Deere & Company worth $272,289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Dark Forest Capital Management LP acquired a new stake in shares of Deere & Company in the third quarter valued at about $922,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Deere & Company by 10.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,042 shares of the industrial products company’s stock valued at $2,280,000 after acquiring an additional 552 shares during the period. Federated Hermes Inc. boosted its stake in shares of Deere & Company by 0.6% during the 3rd quarter. Federated Hermes Inc. now owns 19,210 shares of the industrial products company’s stock worth $7,249,000 after acquiring an additional 124 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Deere & Company by 3.4% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,993 shares of the industrial products company’s stock worth $1,507,000 after acquiring an additional 130 shares during the period. Finally, Consolidated Portfolio Review Corp purchased a new position in Deere & Company in the 3rd quarter valued at approximately $250,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DE. Oppenheimer reissued an “outperform” rating and issued a $456.00 price objective on shares of Deere & Company in a research note on Thursday, May 16th. JPMorgan Chase & Co. lowered their price target on shares of Deere & Company from $425.00 to $385.00 and set a “neutral” rating on the stock in a research report on Friday, May 17th. Citigroup initiated coverage on shares of Deere & Company in a research note on Wednesday. They set a “neutral” rating and a $395.00 price objective for the company. DA Davidson reduced their target price on Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Finally, Truist Financial started coverage on Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $431.14.

Deere & Company Trading Up 0.0 %

NYSE:DE traded up $0.10 on Wednesday, hitting $369.57. 401,191 shares of the stock were exchanged, compared to its average volume of 1,458,145. The stock has a fifty day moving average of $386.75 and a 200-day moving average of $387.08. The stock has a market cap of $101.84 billion, a PE ratio of 11.09, a PEG ratio of 1.52 and a beta of 0.98. The company has a current ratio of 2.01, a quick ratio of 1.80 and a debt-to-equity ratio of 1.81. Deere & Company has a fifty-two week low of $353.15 and a fifty-two week high of $450.00.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, May 16th. The industrial products company reported $8.53 EPS for the quarter, topping analysts’ consensus estimates of $7.86 by $0.67. The firm had revenue of $13.61 billion for the quarter, compared to analyst estimates of $13.29 billion. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The firm’s revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.65 EPS. As a group, equities analysts expect that Deere & Company will post 25.61 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 28th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.88 dividend on an annualized basis and a yield of 1.59%. Deere & Company’s dividend payout ratio (DPR) is presently 17.70%.

Insiders Place Their Bets

In other news, insider Cory J. Reed sold 13,370 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $377.63, for a total transaction of $5,048,913.10. Following the completion of the transaction, the insider now directly owns 41,642 shares in the company, valued at approximately $15,725,268.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.26% of the stock is owned by company insiders.

Deere & Company 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.