LVZ Inc. Acquires 67 Shares of Deere & Company (NYSE:DE)

LVZ Inc. lifted its position in shares of Deere & Company (NYSE:DEFree Report) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 764 shares of the industrial products company’s stock after purchasing an additional 67 shares during the quarter. LVZ Inc.’s holdings in Deere & Company were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of DE. Moneta Group Investment Advisors LLC increased its holdings in Deere & Company by 104,373.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,219,883 shares of the industrial products company’s stock valued at $1,380,557,000 after purchasing an additional 3,216,801 shares during the last quarter. Norges Bank bought a new stake in Deere & Company in the fourth quarter valued at about $1,326,177,000. Morgan Stanley increased its holdings in Deere & Company by 13.8% in the fourth quarter. Morgan Stanley now owns 4,576,183 shares of the industrial products company’s stock valued at $1,962,085,000 after purchasing an additional 554,133 shares during the last quarter. First Trust Advisors LP increased its holdings in Deere & Company by 561.5% in the first quarter. First Trust Advisors LP now owns 531,339 shares of the industrial products company’s stock valued at $219,379,000 after purchasing an additional 451,019 shares during the last quarter. Finally, CI Private Wealth LLC bought a new stake in shares of Deere & Company in the fourth quarter worth about $139,112,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of DE stock traded up $0.34 during trading hours on Wednesday, reaching $404.34. The company’s stock had a trading volume of 299,573 shares, compared to its average volume of 1,503,025. The firm’s 50 day simple moving average is $382.31 and its 200-day simple moving average is $381.39. The company has a market capitalization of $112.55 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.52 and a beta of 1.04. Deere & Company has a fifty-two week low of $345.55 and a fifty-two week high of $450.00. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DEGet Free Report) last issued its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The firm had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company’s revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $6.55 EPS. Sell-side analysts forecast that Deere & Company will post 27.41 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio is presently 17.12%.

Wall Street Analyst Weigh In

DE has been the subject of several recent research reports. Citigroup reduced their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Evercore ISI upped their price objective on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Morgan Stanley assumed coverage on Deere & Company in a research report on Monday, January 8th. They set an “overweight” rating and a $430.00 price objective for the company. Truist Financial assumed coverage on Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 price target for the company. Finally, Melius lowered Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $431.28.

View Our Latest Analysis on DE

About Deere & Company

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DEFree Report).

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

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.