1,077 Deere & Company $DE Shares Purchased by Narwhal Capital Management

Narwhal Capital Management boosted its position in shares of Deere & Company (NYSE:DE) by 167.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,720 shares of the industrial products company’s stock after purchasing an additional 1,077 shares during the period. Narwhal Capital Management’s holdings in Deere & Company were worth $1,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co grew its stake in Deere & Company by 3.2% during the second quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock worth $308,000 after buying an additional 16 shares during the last quarter. Concorde Asset Management LLC raised its stake in shares of Deere & Company by 3.0% in the second quarter. Concorde Asset Management LLC now owns 581 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 17 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Deere & Company by 0.9% in the second quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $1,271,000 after acquiring an additional 17 shares during the last quarter. XY Planning Network Inc. raised its stake in shares of Deere & Company by 2.3% in the third quarter. XY Planning Network Inc. now owns 765 shares of the industrial products company’s stock valued at $514,000 after acquiring an additional 17 shares during the last quarter. Finally, CRA Financial Services LLC boosted its holdings in shares of Deere & Company by 1.4% in the 3rd quarter. CRA Financial Services LLC now owns 1,224 shares of the industrial products company’s stock worth $822,000 after acquiring an additional 17 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company News Roundup

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: ETF activity showed net interest in Deere: 36 ETFs added shares while 11 reduced holdings, and Capital Group Growth reported buying $87.4 million of Deere stock. ETF buying report Capital Group Growth report
• Neutral Sentiment: Deere added former Ernst & Young U.S. CEO Julie Boland to its board, bringing finance and governance experience. The related analysis said the shares were about 2% below its fair-value estimate, suggesting limited valuation cushion. Board and valuation analysis
• Negative Sentiment: Deere plans to end production at two Iowa plants and shift some work to other U.S. facilities and Brazil, while also moving production from Illinois and Louisiana. The company says the multiyear restructuring is intended to match capacity with demand; the closures and production shifts may nevertheless raise concerns about demand and the execution of the reorganization. Iowa plant closure report Production realignment report

Deere & Company Trading Down 0.6%

DE opened at $686.83 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $185.18 billion, a PE ratio of 38.16, a PEG ratio of 1.96 and a beta of 0.89. Deere & Company has a 1-year low of $455.90 and a 1-year high of $721.22. The firm has a 50-day moving average price of $668.81 and a two-hundred day moving average price of $609.76.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the firm posted $4.75 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. As a group, equities analysts anticipate that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Wednesday, September 30th were issued a $1.62 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 0.9%. Deere & Company’s dividend payout ratio (DPR) is currently 36.00%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DE. Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $640.00 to $800.00 in a research report on Monday, August 31st. DA Davidson lifted their price objective on Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a research report on Monday, August 24th. UBS Group cut their price objective on Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a research report on Friday, August 21st. Truist Financial reduced their price objective on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research note on Monday, August 24th. Finally, Raymond James Financial increased their target price on Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Seventeen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Company Profile

Deere & Company, commonly known as John Deere, manufactures and distributes equipment and technology for agriculture, construction, forestry, and lawn care. Its products include tractors, combines, planting and spraying equipment, construction machinery, forestry equipment, and turf-care products, along with related parts and services. The company also provides precision agriculture technologies designed to help customers monitor and manage equipment and field operations. Through its Financial Services business, Deere offers financing and leasing options for equipment and related products.