Deere & Company (NYSE:DE) Shares Sold by Mathes Company Inc.

Mathes Company Inc. decreased its position in Deere & Company (NYSE:DE) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,105 shares of the industrial products company’s stock after selling 650 shares during the quarter. Deere & Company accounts for about 1.6% of Mathes Company Inc.’s investment portfolio, making the stock its 21st largest holding. Mathes Company Inc.’s holdings in Deere & Company were worth $4,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pineridge Advisors LLC boosted its stake in shares of Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after buying an additional 26 shares during the last quarter. Livelsberger Financial Advisory purchased a new position in shares of Deere & Company during the 3rd quarter valued at approximately $32,000. Modus Advisors LLC purchased a new position in shares of Deere & Company during the 4th quarter valued at approximately $32,000. YANKCOM Partnership purchased a new position in shares of Deere & Company during the 4th quarter valued at approximately $34,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Deere & Company during the 4th quarter valued at approximately $35,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DE. Barclays increased their target price on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research note on Friday, December 6th. Citigroup raised their price objective on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday. Truist Financial restated a “buy” rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research note on Friday. Finally, UBS Group raised their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $450.12.

Deere & Company Price Performance

Shares of DE opened at $480.17 on Monday. The firm has a market capitalization of $130.77 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a one year low of $340.20 and a one year high of $485.84. The stock’s fifty day moving average is $446.95 and its 200-day moving average is $416.52.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Equities analysts anticipate that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

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.