Deere & Company $DE Shares Bought by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators increased its holdings in Deere & Company (NYSE:DE) by 7.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,233 shares of the industrial products company’s stock after buying an additional 3,035 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Deere & Company were worth $29,705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Deere & Company during the 2nd quarter valued at $11,763,504,000. Wellington Management Group LLP raised its position in shares of Deere & Company by 84.3% in the 2nd quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock worth $1,959,209,000 after acquiring an additional 1,412,694 shares in the last quarter. Bank of America Corp DE raised its position in shares of Deere & Company by 0.3% in the 1st quarter. Bank of America Corp DE now owns 2,782,402 shares of the industrial products company’s stock worth $1,567,327,000 after acquiring an additional 7,918 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Deere & Company in the 2nd quarter worth $1,259,279,000. Finally, Legal & General Group Plc purchased a new stake in shares of Deere & Company during the 2nd quarter worth $957,456,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DE. Nomura raised Deere & Company to a “buy” rating in a research report on Monday, August 31st. Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 21st. Raymond James Financial boosted their target price on shares of Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Truist Financial decreased their price target on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating for the company in a research report on Monday, August 24th. Finally, Bank of America increased their price target on shares of Deere & Company from $667.00 to $715.00 in a research report on Thursday, September 24th. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and an average target price of $688.10.

Deere & Company Price Performance

NYSE DE opened at $678.86 on Friday. The firm’s fifty day simple moving average is $668.78 and its two-hundred day simple moving average is $611.46. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. Deere & Company has a 12-month low of $455.90 and a 12-month high of $721.22. The firm has a market capitalization of $183.04 billion, a P/E ratio of 37.71, a P/E/G ratio of 1.96 and a beta of 0.89.

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

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Wednesday, September 30th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, September 30th. Deere & Company’s payout ratio is 36.00%.

Deere & 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.