Deere & Company $DE Stock Position Raised by Capital International Inc. CA

Capital International Inc. CA increased its holdings in shares of Deere & Company (NYSE:DE) by 30.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 54,198 shares of the industrial products company’s stock after buying an additional 12,590 shares during the period. Capital International Inc. CA’s holdings in Deere & Company were worth $24,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Deere & Company by 7.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 150 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Deere & Company by 11.1% in the 2nd quarter. Penserra Capital Management LLC now owns 1,366 shares of the industrial products company’s stock worth $694,000 after purchasing an additional 136 shares during the last quarter. AE Wealth Management LLC boosted its position in Deere & Company by 3.6% during the 2nd quarter. AE Wealth Management LLC now owns 7,842 shares of the industrial products company’s stock valued at $3,989,000 after purchasing an additional 269 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Deere & Company during the 2nd quarter valued at approximately $2,399,000. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DE. Morgan Stanley increased their target price on Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Truist Financial upped their price target on shares of Deere & Company from $612.00 to $793.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. DA Davidson increased their price objective on shares of Deere & Company from $580.00 to $775.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Royal Bank Of Canada lifted their price objective on shares of Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Finally, Bank of America boosted their target price on shares of Deere & Company from $502.00 to $672.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $644.70.

Deere & Company Price Performance

Shares of NYSE DE opened at $592.69 on Wednesday. Deere & Company has a twelve month low of $404.42 and a twelve month high of $674.19. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $160.09 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 2.11 and a beta of 0.96. The firm has a 50-day moving average of $557.00 and a two-hundred day moving average of $501.12.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.52. The company had revenue of $9.61 billion during the quarter, compared to analyst estimates of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 EPS. As a group, analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Tuesday, March 31st will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, March 31st. Deere & Company’s dividend payout ratio (DPR) is presently 36.53%.

Insider Activity at Deere & Company

In other news, CEO John C. May II sold 41,472 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the completion of the sale, the chief executive officer owned 117,970 shares in the company, valued at approximately $59,160,775.30. This represents a 26.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cory J. Reed sold 12,000 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the sale, the insider owned 20,792 shares of the company’s stock, valued at $10,603,920. This trade represents a 36.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.