Teamwork Financial Advisors LLC lessened its stake in shares of Deere & Company (NYSE:DE – Free Report) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,849 shares of the industrial products company’s stock after selling 1,810 shares during the quarter. Deere & Company comprises approximately 1.5% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 23rd biggest position. Teamwork Financial Advisors LLC’s holdings in Deere & Company were worth $13,330,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Prairie Advisory LLC raised its position in Deere & Company by 100.0% during the 3rd quarter. Prairie Advisory LLC now owns 1,236 shares of the industrial products company’s stock worth $830,000 after buying an additional 618 shares during the last quarter. Quantum Financial Partners LLC lifted its stake in shares of Deere & Company by 190.1% in the 3rd quarter. Quantum Financial Partners LLC now owns 969 shares of the industrial products company’s stock worth $651,000 after acquiring an additional 635 shares during the period. SteelPeak Wealth LLC boosted its holdings in shares of Deere & Company by 19.4% in the third quarter. SteelPeak Wealth LLC now owns 782 shares of the industrial products company’s stock valued at $527,000 after acquiring an additional 127 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Deere & Company by 1.4% in the third quarter. IFP Advisors Inc now owns 9,169 shares of the industrial products company’s stock valued at $6,157,000 after acquiring an additional 123 shares in the last quarter. Finally, CRA Financial Services LLC boosted its holdings in shares of Deere & Company by 1.4% in the third quarter. CRA Financial Services LLC now owns 1,224 shares of the industrial products company’s stock valued at $822,000 after acquiring an additional 17 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
DE has been the topic of a number of recent analyst reports. Seaport Research Partners set a $570.00 price target on shares of Deere & Company in a research note on Friday, August 14th. Truist Financial cut their price target on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating for the company in a report on Monday, August 24th. Wall Street Zen downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Bank of America raised their price objective on shares of Deere & Company from $667.00 to $715.00 in a research report on Thursday, September 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $752.00 price objective on shares of Deere & Company in a report on Monday, August 24th. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $688.10.
Get Our Latest Stock Analysis on Deere & Company
Deere & Company Price Performance
Deere & Company stock traded down $14.63 during mid-day trading on Monday, reaching $627.23. The company had a trading volume of 885,068 shares, compared to its average volume of 1,363,250. Deere & Company has a 1 year low of $454.50 and a 1 year high of $721.22. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The company has a market capitalization of $169.12 billion, a P/E ratio of 34.85, a P/E/G ratio of 2.35 and a beta of 0.86. The stock’s 50-day simple moving average is $658.42 and its 200-day simple moving average is $612.68.
Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The company had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $4.75 EPS. On average, equities analysts predict that Deere & Company will post 18.11 EPS for the current year.
Deere & Company Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be issued a $1.62 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio is currently 36.00%.
About Deere & Company
Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.
Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.
Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.
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