4,049 Shares in Deere & Company (NYSE:DE) Purchased by Triglav Skladi D.O.O.

Triglav Skladi D.O.O. acquired a new position in shares of Deere & Company (NYSE:DE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,049 shares of the industrial products company’s stock, valued at approximately $1,715,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Texas Bank & Trust Co purchased a new stake in Deere & Company during the 4th quarter worth about $856,000. TrinityPoint Wealth LLC bought a new position in Deere & Company in the 4th quarter worth about $200,000. Trace Wealth Advisors LLC bought a new position in Deere & Company in the 4th quarter worth about $1,271,000. Tema Etfs LLC bought a new position in Deere & Company in the 4th quarter worth about $333,000. Finally, Scientech Research LLC bought a new position in Deere & Company in the 4th quarter worth about $1,349,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Insider Buying and Selling

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the sale, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by corporate insiders.

Deere & Company Price Performance

DE opened at $531.79 on Monday. The stock’s 50 day simple moving average is $468.29 and its 200 day simple moving average is $455.02. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a 1 year low of $340.20 and a 1 year high of $533.78. The firm has a market cap of $144.34 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $8.53 EPS. Deere & Company’s revenue for the quarter was down 17.9% compared to the same quarter last year. As a group, analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Monday, March 31st were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.22%. Deere & Company’s payout ratio is 28.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DE shares. DA Davidson restated a “buy” rating and issued a $542.00 target price on shares of Deere & Company in a research note on Friday. Truist Financial upped their target price on Deere & Company from $546.00 to $619.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James upped their target price on Deere & Company from $530.00 to $560.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group decreased their target price on Deere & Company from $462.00 to $440.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Finally, Bank of America upped their target price on Deere & Company from $495.00 to $556.00 and gave the stock a “neutral” rating in a research note on Friday. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $504.38.

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.