Deere & Company $DE Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its stake in shares of Deere & Company (NYSE:DE) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 23,990 shares of the industrial products company’s stock after purchasing an additional 442 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Deere & Company were worth $12,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DE. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Deere & Company during the second quarter worth $25,000. Activest Wealth Management increased its stake in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in Deere & Company during the 2nd quarter worth $38,000. Livelsberger Financial Advisory acquired a new position in Deere & Company in the 2nd quarter worth $39,000. Finally, Center for Financial Planning Inc. boosted its position in Deere & Company by 406.7% in the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of analyst reports. Truist Financial lifted their target price on Deere & Company from $602.00 to $609.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Wolfe Research dropped their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Jefferies Financial Group reduced their target price on Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, DA Davidson reduced their price objective on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $519.85.

Deere & Company Stock Up 0.2%

Shares of NYSE:DE opened at $488.42 on Tuesday. The firm has a 50 day simple moving average of $466.68 and a 200 day simple moving average of $491.04. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. Deere & Company has a 52 week low of $403.01 and a 52 week high of $533.78. The company has a market cap of $132.03 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is currently 33.87%.

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.