Deere & Company (NYSE:DE) Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC trimmed its holdings in shares of Deere & Company (NYSE:DE) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,613 shares of the industrial products company’s stock after selling 31 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Deere & Company were worth $1,508,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DE. Pathway Financial Advisers LLC increased its position in shares of Deere & Company by 53,338.6% during the third quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company’s stock worth $356,602,000 after purchasing an additional 852,885 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Deere & Company by 46,892.9% in the third quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company’s stock valued at $322,218,000 after buying an additional 770,451 shares during the last quarter. Swedbank AB purchased a new position in shares of Deere & Company in the first quarter worth about $191,628,000. Mawer Investment Management Ltd. acquired a new position in Deere & Company during the second quarter worth about $166,937,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Deere & Company during the 3rd quarter valued at about $136,936,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DE. JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday. Truist Financial lifted their price objective on Deere & Company from $496.00 to $538.00 and gave the stock a “buy” rating in a research report on Friday. Evercore ISI boosted their price objective on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research note on Monday, August 19th. BMO Capital Markets started coverage on Deere & Company in a research note on Friday, August 9th. They issued a “market perform” rating and a $400.00 target price for the company. Finally, Citigroup boosted their price target on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $433.00.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $462.81 on Tuesday. The stock has a market capitalization of $126.62 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The business has a 50-day moving average of $408.35 and a 200 day moving average of $386.60. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39.

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

Deere & Company Dividend Announcement

The firm 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. The ex-dividend date was Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.27%. Deere & Company’s dividend payout ratio (DPR) is 22.97%.

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.