Livforsakringsbolaget Skandia Omsesidigt Purchases 244 Shares of Deere & Company (NYSE:DE)

Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Deere & Company (NYSE:DE) by 71.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 586 shares of the industrial products company’s stock after acquiring an additional 244 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Deere & Company were worth $235,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC raised its position in Deere & Company by 104,373.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,219,883 shares of the industrial products company’s stock worth $1,380,557,000 after purchasing an additional 3,216,801 shares during the period. Norges Bank purchased a new position in Deere & Company in the 4th quarter worth $1,326,177,000. International Assets Investment Management LLC raised its position in Deere & Company by 46,241.1% in the 4th quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock worth $336,142,000 after purchasing an additional 838,813 shares during the period. Morgan Stanley raised its position in Deere & Company by 13.8% in the 4th quarter. Morgan Stanley now owns 4,576,183 shares of the industrial products company’s stock worth $1,962,085,000 after purchasing an additional 554,133 shares during the period. Finally, First Trust Advisors LP grew its holdings in Deere & Company by 561.5% in the 1st quarter. First Trust Advisors LP now owns 531,339 shares of the industrial products company’s stock worth $219,379,000 after acquiring an additional 451,019 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 0.5 %

Shares of NYSE DE traded up $1.98 during trading on Thursday, hitting $398.86. 105,289 shares of the company were exchanged, compared to its average volume of 1,481,019. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. The company has a fifty day moving average price of $385.17 and a 200-day moving average price of $382.66. The firm has a market capitalization of $111.03 billion, a PE ratio of 11.56, a P/E/G ratio of 1.48 and a beta of 1.04.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same period in the prior year, the firm earned $6.55 earnings per share. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, equities research analysts expect that Deere & Company will post 27.39 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is 17.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DE shares. Evercore ISI lifted their target price on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Truist Financial assumed coverage on shares of Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 target price for the company. Stifel Nicolaus dropped their price target on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Melius Research restated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Finally, Morgan Stanley began coverage on shares of Deere & Company in a research note on Monday, January 8th. They set an “overweight” rating and a $430.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Deere & Company has an average rating of “Hold” and a consensus target price of $433.28.

About Deere & Company

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.