Deere & Company (NYSE:DE) Shares Acquired by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC increased its holdings in shares of Deere & Company (NYSE:DE) by 4.9% during the fourth quarter, HoldingsChannel reports. The fund owned 603 shares of the industrial products company’s stock after buying an additional 28 shares during the period. Midland Wealth Advisors LLC’s holdings in Deere & Company were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. MQS Management LLC acquired a new position in Deere & Company during the fourth quarter worth $225,000. Ruffer LLP boosted its position in Deere & Company by 2.3% during the fourth quarter. Ruffer LLP now owns 186,051 shares of the industrial products company’s stock worth $78,829,000 after purchasing an additional 4,200 shares in the last quarter. Argentarii LLC purchased a new stake in Deere & Company during the fourth quarter worth $232,000. OFI Invest Asset Management purchased a new stake in Deere & Company during the fourth quarter worth $2,300,000. Finally, Personal CFO Solutions LLC boosted its position in Deere & Company by 10.1% during the fourth quarter. Personal CFO Solutions LLC now owns 1,156 shares of the industrial products company’s stock worth $490,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Insider Activity

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $488.69 on Tuesday. The firm has a market capitalization of $132.64 billion, a PE ratio of 21.66, a P/E/G ratio of 2.14 and a beta of 1.01. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The business has a 50-day moving average of $462.49 and a two-hundred day moving average of $430.99. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.33%. Deere & Company’s dividend payout ratio (DPR) is currently 28.72%.

Wall Street Analyst Weigh In

A number of analysts have commented on DE shares. Truist Financial reiterated a “buy” rating and set a $546.00 target price (down from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. StockNews.com downgraded Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Baird R W downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. 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 report on Friday, November 22nd. Finally, Evercore ISI upped their price objective on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $460.00.

Deere & 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.