Mainsail Financial Group LLC boosted its stake in Deere & Company (NYSE:DE – Free Report) by 13.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,432 shares of the industrial products company’s stock after buying an additional 395 shares during the quarter. Mainsail Financial Group LLC’s holdings in Deere & Company were worth $1,392,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of DE. Vanguard Group Inc. boosted its position in Deere & Company by 1.2% during the 1st 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. Janus Henderson Group PLC increased its stake in shares of Deere & Company by 0.5% in the first quarter. Janus Henderson Group PLC now owns 3,859,021 shares of the industrial products company’s stock valued at $1,585,028,000 after purchasing an additional 19,200 shares during the period. Legal & General Group Plc increased its stake in shares of 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 purchasing an additional 60,255 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Deere & Company by 15.0% during the second 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 period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Deere & Company by 8.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,470,159 shares of the industrial products company’s stock valued at $603,854,000 after acquiring an additional 114,116 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Deere & Company Stock Down 0.1 %
Deere & Company stock opened at $406.65 on Wednesday. The company has a market capitalization of $112.06 billion, a PE ratio of 12.24, a PEG ratio of 1.35 and a beta of 0.92. The firm’s fifty day moving average is $395.40 and its 200 day moving average is $385.21. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. Deere & Company has a 12-month low of $340.20 and a 12-month high of $420.47.
Deere & Company Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be paid a $1.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.45%. Deere & Company’s payout ratio is 17.70%.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Hsbc Global Res cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Truist Financial increased their target price on shares of Deere & Company from $443.00 to $496.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Citigroup raised their price target on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. HSBC downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $360.00 to $420.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $420.69.
Get Our Latest Stock Report on DE
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.
Featured Stories
- Five stocks we like better than Deere & Company
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- GE Aerospace Margin Widens: Is It Time to Buy Dip?
- Which Wall Street Analysts are the Most Accurate?
- Rambus Stock Poised for Growth – Will the AI Boom Deliver?
- What is a SEC Filing?
- PulteGroup Earnings Signal Potential Entry Points for Investors
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:DE – Free Report).
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.