Y.D. More Investments Ltd Invests $3.73 Million in Deere & Company $DE

Y.D. More Investments Ltd purchased a new position in shares of Deere & Company (NYSE:DE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,021 shares of the industrial products company’s stock, valued at approximately $3,734,000.

Several other institutional investors have also recently bought and sold shares of the business. Bouchey Financial Group Ltd grew its holdings in shares of Deere & Company by 4.4% during the third quarter. Bouchey Financial Group Ltd now owns 500 shares of the industrial products company’s stock worth $229,000 after purchasing an additional 21 shares during the last quarter. Silvant Capital Management LLC lifted its position in Deere & Company by 0.5% during the 3rd quarter. Silvant Capital Management LLC now owns 4,449 shares of the industrial products company’s stock worth $2,034,000 after buying an additional 21 shares in the last quarter. Blue Chip Partners LLC lifted its position in Deere & Company by 1.4% during the 2nd quarter. Blue Chip Partners LLC now owns 1,574 shares of the industrial products company’s stock worth $801,000 after buying an additional 21 shares in the last quarter. Forefront Wealth Partners LLC grew its holdings in Deere & Company by 4.1% during the 3rd quarter. Forefront Wealth Partners LLC now owns 564 shares of the industrial products company’s stock worth $258,000 after acquiring an additional 22 shares during the last quarter. Finally, Romano Brothers AND Company grew its holdings in Deere & Company by 0.3% during the 4th quarter. Romano Brothers AND Company now owns 7,936 shares of the industrial products company’s stock worth $3,695,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

DE opened at $575.49 on Monday. The company has a fifty day moving average price of $584.72 and a two-hundred day moving average price of $513.28. The firm has a market capitalization of $155.45 billion, a PE ratio of 32.44, a P/E/G ratio of 2.01 and a beta of 0.98. Deere & Company has a 52 week low of $404.42 and a 52 week high of $674.19. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The business had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. During the same period last year, the company earned $3.19 EPS. The firm’s revenue was up 17.5% on a year-over-year basis. As a group, analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $1.62 per share. The ex-dividend date is Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is 36.53%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Deere & Company from $612.00 to $793.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. BMO Capital Markets boosted their price objective on shares of Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Wolfe Research upped their price objective on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Robert W. Baird lowered their target price on Deere & Company from $675.00 to $580.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $765.00 price target on shares of Deere & Company in a research note on Monday, February 23rd. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and an average target price of $650.95.

Insider Transactions at Deere & Company

In other news, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the completion of the transaction, the insider directly owned 20,792 shares in the company, valued at approximately $10,603,920. The trade was a 36.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $501.49, for a total value of $20,797,793.28. Following the completion of the sale, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by company insiders.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.