Deere & Company (NYSE:DE) Stock Holdings Lifted by Captrust Financial Advisors

Captrust Financial Advisors lifted its position in Deere & Company (NYSE:DE) by 283.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,025 shares of the industrial products company’s stock after acquiring an additional 99,060 shares during the period. Captrust Financial Advisors’ holdings in Deere & Company were worth $55,049,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Deere & Company by 1.2% during the first quarter. Vanguard Group Inc. now owns 21,988,363 shares of the industrial products company’s stock worth $9,031,500,000 after purchasing an additional 263,709 shares during the period. Parnassus Investments LLC boosted its holdings in shares of Deere & Company by 22.4% during the fourth quarter. Parnassus Investments LLC now owns 3,856,171 shares of the industrial products company’s stock worth $1,541,967,000 after purchasing an additional 705,771 shares during the period. Norges Bank acquired a new stake in shares of Deere & Company during the fourth quarter worth approximately $1,248,036,000. Dimensional Fund Advisors LP boosted its holdings in shares of Deere & Company by 11.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,595,945 shares of the industrial products company’s stock worth $638,167,000 after purchasing an additional 160,369 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Deere & Company by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,773 shares of the industrial products company’s stock worth $628,105,000 after purchasing an additional 31,074 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DE. Morgan Stanley lifted their target price on shares of Deere & Company from $430.00 to $450.00 in a research note on Wednesday, May 15th. Truist Financial reduced their target price on shares of Deere & Company from $460.00 to $439.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Citigroup began coverage on shares of Deere & Company in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $395.00 target price for the company. TD Cowen lifted their target price on shares of Deere & Company from $383.00 to $390.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Deere & Company from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Deere & Company presently has an average rating of “Hold” and a consensus target price of $426.71.

Deere & Company Stock Performance

DE stock traded down $4.46 on Tuesday, reaching $372.31. 1,257,056 shares of the company were exchanged, compared to its average volume of 1,499,690. Deere & Company has a 12 month low of $345.93 and a 12 month high of $441.46. The stock’s fifty day moving average price is $372.29 and its 200 day moving average price is $383.53. The firm has a market capitalization of $102.60 billion, a PE ratio of 11.34, a PEG ratio of 1.57 and a beta of 0.93. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.86 by $0.67. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The business had revenue of $13.61 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the previous year, the firm posted $9.65 earnings per share. Deere & Company’s revenue was down 15.4% compared to the same quarter last year. On average, research analysts anticipate that Deere & Company will post 25.41 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 28th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, June 28th. Deere & Company’s dividend payout ratio (DPR) is presently 17.70%.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Cory J. Reed sold 13,370 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the sale, the insider now owns 41,642 shares of the company’s stock, valued at approximately $15,725,268.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.

Deere & Company Profile

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.