Deere & Company (NYSE:DE) Shares Purchased by Adalta Capital Management LLC

Adalta Capital Management LLC raised its stake in Deere & Company (NYSE:DE) by 21.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,301 shares of the industrial products company’s stock after acquiring an additional 405 shares during the period. Adalta Capital Management LLC’s holdings in Deere & Company were worth $964,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DE. Wedmont Private Capital increased its holdings in shares of Deere & Company by 14.6% in the 2nd quarter. Wedmont Private Capital now owns 2,495 shares of the industrial products company’s stock worth $912,000 after acquiring an additional 317 shares during the period. Roman Butler Fullerton & Co. increased its stake in shares of Deere & Company by 41.5% in the second quarter. Roman Butler Fullerton & Co. now owns 1,569 shares of the industrial products company’s stock valued at $551,000 after purchasing an additional 460 shares during the period. Maia Wealth LLC acquired a new position in shares of Deere & Company during the second quarter worth approximately $379,000. NorthCrest Asset Manangement LLC grew its holdings in Deere & Company by 1.6% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 49,246 shares of the industrial products company’s stock worth $18,400,000 after buying an additional 759 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Deere & Company by 5.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 82,110 shares of the industrial products company’s stock valued at $30,679,000 after acquiring an additional 4,329 shares during the period. 68.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DE. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target for the company. in a research report on Friday. Barclays increased their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Oppenheimer boosted their price target on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Morgan Stanley increased their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, Citigroup boosted their target price on Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $440.50.

Deere & Company Stock Performance

Shares of DE opened at $444.00 on Monday. The company has a 50-day moving average of $417.53 and a two-hundred day moving average of $390.34. The stock has a market cap of $121.48 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.90 and a beta of 0.96. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a one year low of $340.20 and a one year high of $469.39.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same quarter last year, the business posted $8.26 EPS. The company’s revenue was down 32.8% on a year-over-year basis. On average, equities research analysts expect that Deere & Company will post 19.52 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.46%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company’s payout ratio is presently 22.97%.

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.