Princeton Global Asset Management LLC Boosts Holdings in Deere & Company $DE

Princeton Global Asset Management LLC grew its position in shares of Deere & Company (NYSE:DEFree Report) by 134.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 307 shares of the industrial products company’s stock after purchasing an additional 176 shares during the period. Princeton Global Asset Management LLC’s holdings in Deere & Company were worth $156,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DE. Nuveen LLC acquired a new stake in shares of Deere & Company during the first quarter worth approximately $571,073,000. TD Asset Management Inc grew its position in shares of Deere & Company by 132.0% during the second quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock worth $366,946,000 after buying an additional 410,636 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Deere & Company by 97.1% during the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after buying an additional 361,526 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Deere & Company by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock worth $3,227,258,000 after buying an additional 286,253 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Deere & Company by 23.4% during the first quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock worth $635,150,000 after buying an additional 256,806 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE stock opened at $462.67 on Tuesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The stock has a market capitalization of $125.07 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.95 and a beta of 1.02. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78. The stock’s fifty day moving average is $472.35 and its two-hundred day moving average is $488.11.

Deere & Company (NYSE:DEGet Free Report) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the business posted $6.29 earnings per share. On average, research analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s payout ratio is currently 33.87%.

Wall Street Analyst Weigh In

DE has been the subject of a number of recent analyst reports. Evercore ISI set a $491.00 price target on shares of Deere & Company in a research report on Tuesday, August 19th. Daiwa Capital Markets decreased their price objective on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a report on Thursday, September 25th. Citigroup decreased their price objective on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Jefferies Financial Group decreased their price objective on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. Finally, Truist Financial lifted their price objective on shares of Deere & Company from $602.00 to $609.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $517.35.

View Our Latest Stock Analysis on Deere & Company

Deere & Company Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DEFree Report).

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.