Deere & Company $DE Shares Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC grew its holdings in Deere & Company (NYSE:DE) by 9.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 705 shares of the industrial products company’s stock after buying an additional 63 shares during the period. Tyche Wealth Partners LLC’s holdings in Deere & Company were worth $358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DE. Nuveen LLC acquired a new stake in shares of Deere & Company during the first quarter worth about $571,073,000. Voya Investment Management LLC lifted its holdings in shares of Deere & Company by 97.1% during the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after purchasing an additional 361,526 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Deere & Company by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock worth $3,227,258,000 after purchasing an additional 286,253 shares during the period. Invesco Ltd. lifted its holdings in shares of Deere & Company by 23.4% during the first quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock worth $635,150,000 after purchasing an additional 256,806 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Deere & Company by 874.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 243,914 shares of the industrial products company’s stock worth $124,028,000 after purchasing an additional 218,893 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 0.8%

Shares of DE stock opened at $461.08 on Wednesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The company has a market cap of $124.64 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.94 and a beta of 1.02. The stock has a 50 day simple moving average of $482.54 and a 200-day simple moving average of $488.94. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.13. The business had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $6.29 EPS. On average, equities research analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio is presently 33.87%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a report on Saturday, September 27th. Truist Financial decreased their price target on Deere & Company from $619.00 to $602.00 and set a “buy” rating for the company in a report on Friday, August 15th. Daiwa Capital Markets decreased their price target on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a report on Thursday, September 25th. Wolfe Research decreased their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, Robert W. Baird decreased their price target on Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $518.18.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.