Princeton Global Asset Management LLC grew its position in shares of Deere & Company (NYSE:DE – Free 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 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
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.
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