Forsta AP Fonden Lowers Position in Deere & Company (NYSE:DE)

Forsta AP Fonden decreased its stake in shares of Deere & Company (NYSE:DEFree Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,500 shares of the industrial products company’s stock after selling 9,600 shares during the period. Forsta AP Fonden’s holdings in Deere & Company were worth $24,786,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Livelsberger Financial Advisory purchased a new position in Deere & Company during the 3rd quarter worth $32,000. Modus Advisors LLC bought a new position in shares of Deere & Company during the fourth quarter valued at about $32,000. Centennial Bank AR boosted its holdings in Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 84 shares during the last quarter. Continuum Advisory LLC grew its position in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Deere & Company in the 3rd quarter valued at about $47,000. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the topic of a number of research analyst reports. Oppenheimer boosted their target price on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group upped their price objective on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Truist Financial raised their target price on Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Barclays boosted their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Citigroup lowered their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company presently has an average rating of “Hold” and a consensus target price of $444.50.

Check Out Our Latest Stock Analysis on DE

Deere & Company Price Performance

Shares of NYSE DE opened at $480.59 on Wednesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $485.84. The stock has a market cap of $130.89 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. The stock has a fifty day moving average of $441.75 and a 200-day moving average of $408.11.

Deere & Company (NYSE:DEGet Free Report) last announced 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. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. During the same period in the prior year, the business posted $8.26 earnings per share. The company’s revenue was down 32.8% on a year-over-year basis. Equities research analysts anticipate that Deere & Company will post 19.34 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.35%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

About Deere & Company

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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