4,329 Shares in Deere & Company (NYSE:DE) Acquired by Regents Gate Capital LLP

Regents Gate Capital LLP bought a new stake in shares of Deere & Company (NYSE:DE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,329 shares of the industrial products company’s stock, valued at approximately $1,834,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DE. Modus Advisors LLC purchased a new position in Deere & Company in the fourth quarter worth $32,000. Livelsberger Financial Advisory bought a new stake in Deere & Company during the third quarter worth about $32,000. YANKCOM Partnership purchased a new position in shares of Deere & Company in the 4th quarter worth about $34,000. Synergy Asset Management LLC bought a new position in shares of Deere & Company during the 4th quarter valued at about $35,000. Finally, Continuum Advisory LLC boosted its stake in shares of Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of DE opened at $465.63 on Monday. 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 12 month low of $340.20 and a 12 month high of $485.84. The company has a market cap of $126.82 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 2.87 and a beta of 0.98. The business’s fifty day simple moving average is $445.00 and its two-hundred day simple moving average is $413.15.

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, beating analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. During the same quarter in the prior year, the business earned $8.26 earnings per share. Deere & Company’s revenue for the quarter was down 32.8% compared to the same quarter last year. Research analysts anticipate that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is presently 25.31%.

Analyst Upgrades and Downgrades

DE has been the topic of a number of analyst reports. Citigroup decreased their target price 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. UBS Group boosted their target price on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Oppenheimer increased their target price on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Barclays lifted their price target on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research note on Friday, December 6th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $444.50.

About Deere & Company

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.