Deere & Company (NYSE:DE) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in Deere & Company (NYSE:DE) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 780,799 shares of the industrial products company’s stock after selling 21,629 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Deere & Company were worth $325,851,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in Deere & Company by 2.7% in the second quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company’s stock valued at $842,259,000 after buying an additional 60,255 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Deere & Company by 15.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company’s stock valued at $802,037,000 after acquiring an additional 279,627 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Deere & Company by 8.6% in the 3rd quarter. Fisher Asset Management LLC now owns 1,994,657 shares of the industrial products company’s stock valued at $832,431,000 after acquiring an additional 158,732 shares during the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of Deere & Company by 11.6% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 1,341,626 shares of the industrial products company’s stock valued at $559,901,000 after acquiring an additional 139,336 shares in the last quarter. Finally, Markel Group Inc. lifted its stake in Deere & Company by 2.8% during the third quarter. Markel Group Inc. now owns 869,100 shares of the industrial products company’s stock worth $362,702,000 after purchasing an additional 23,750 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

NYSE:DE opened at $446.65 on Monday. The firm has a market capitalization of $122.20 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. Deere & Company has a 12-month low of $340.20 and a 12-month high of $447.50. The firm has a 50-day moving average price of $406.99 and a 200 day moving average price of $386.22.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Deere & Company’s quarterly revenue was down 32.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.26 EPS. Research analysts anticipate that Deere & Company will post 21.31 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were paid a dividend of $1.47 per share. The ex-dividend date was Monday, September 30th. This represents a $5.88 annualized dividend and a yield of 1.32%. Deere & Company’s dividend payout ratio is currently 22.97%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Citigroup raised their target price on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Barclays boosted their price objective on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group increased their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial boosted their price target on shares of Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a report on Friday. Finally, Oppenheimer lifted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research report on Friday. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $431.61.

Deere & Company 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.