Apollon Wealth Management LLC Buys 375 Shares of Deere & Company (NYSE:DE)

Apollon Wealth Management LLC lifted its holdings in shares of Deere & Company (NYSE:DE) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,943 shares of the industrial products company’s stock after purchasing an additional 375 shares during the quarter. Apollon Wealth Management LLC’s holdings in Deere & Company were worth $6,236,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Deere & Company by 20.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock worth $5,906,000 after purchasing an additional 2,692 shares during the period. Balentine LLC bought a new position in shares of Deere & Company during the third quarter worth approximately $710,000. Royal Fund Management LLC increased its holdings in shares of Deere & Company by 99.8% during the third quarter. Royal Fund Management LLC now owns 6,454 shares of the industrial products company’s stock worth $2,694,000 after purchasing an additional 3,223 shares during the period. New Century Financial Group LLC bought a new position in shares of Deere & Company during the third quarter worth approximately $1,052,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of Deere & Company during the second quarter worth approximately $24,984,000. 68.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on DE shares. Oppenheimer reduced their price target on shares of Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Evercore ISI raised their target price on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research report on Monday, August 19th. Hsbc Global Res lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Truist Financial raised their target price on shares of Deere & Company from $443.00 to $496.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $420.69.

Deere & Company Price Performance

Shares of NYSE DE opened at $402.65 on Tuesday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $420.47. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $110.17 billion, a PE ratio of 13.74, a P/E/G ratio of 1.50 and a beta of 0.93. The firm has a fifty day simple moving average of $403.02 and a 200 day simple moving average of $385.55.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, beating the consensus estimate of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The firm had revenue of $11.39 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same period in the previous year, the firm posted $10.20 earnings per share. The business’s revenue was down 20.3% compared to the same quarter last year. On average, sell-side analysts forecast that Deere & Company will post 25 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, September 30th. Deere & Company’s dividend payout ratio (DPR) is currently 20.06%.

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.