Northwestern Mutual Wealth Management Co. boosted its stake in shares of Deere & Company (NYSE:DE – Free Report) by 1,725.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,003,715 shares of the industrial products company’s stock after purchasing an additional 1,893,972 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Deere & Company were worth $932,870,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of DE. Brighton Jones LLC increased its holdings in Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 1,278 shares during the period. Schnieders Capital Management LLC. boosted its position in shares of Deere & Company by 7.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after acquiring an additional 150 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Deere & Company during the 2nd quarter worth about $2,153,000. NewEdge Advisors LLC boosted its position in shares of Deere & Company by 6.0% during the 2nd quarter. NewEdge Advisors LLC now owns 18,758 shares of the industrial products company’s stock worth $9,538,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in shares of Deere & Company by 6.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 1,551 shares of the industrial products company’s stock worth $789,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.
Deere & Company Stock Down 2.2%
DE opened at $562.12 on Friday. The business has a 50 day moving average price of $580.96 and a two-hundred day moving average price of $537.02. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59. The company has a market cap of $151.83 billion, a PE ratio of 31.69, a P/E/G ratio of 2.00 and a beta of 0.96. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19.
Deere & Company Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.2%. Deere & Company’s dividend payout ratio is currently 36.53%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on DE shares. Oppenheimer reaffirmed an “outperform” rating and set a $715.00 price objective on shares of Deere & Company 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 research report on Tuesday, March 31st. BMO Capital Markets upped their price objective on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Sanford C. Bernstein upped their price objective on Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Finally, Truist Financial upped their target price on Deere & Company from $612.00 to $793.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Fifteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and an average price target of $655.45.
Read Our Latest Report on Deere & Company
Deere & Company Profile
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.
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