Duality Advisers LP Buys New Shares in Deere & Company (NYSE:DE)

Duality Advisers LP bought a new stake in Deere & Company (NYSE:DE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,152 shares of the industrial products company’s stock, valued at approximately $461,000.

A number of other institutional investors also recently bought and sold shares of the business. Briaud Financial Planning Inc acquired a new stake in shares of Deere & Company during the third quarter worth about $25,000. Rakuten Securities Inc. acquired a new stake in shares of Deere & Company during the fourth quarter worth about $28,000. Naples Money Management LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth about $29,000. ZRC Wealth Management LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth about $28,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Deere & Company during the third quarter worth about $37,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DE has been the topic of a number of research analyst reports. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Melius cut Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup dropped their price target on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Evercore ISI boosted their price target on Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Finally, Truist Financial assumed coverage on Deere & Company in a research report on Thursday, March 14th. They issued a “buy” rating and a $494.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $433.28.

Deere & Company Price Performance

Shares of NYSE:DE opened at $393.96 on Friday. The business’s 50 day simple moving average is $387.20 and its 200-day simple moving average is $383.54. The firm has a market capitalization of $109.66 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. The business had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.55 EPS. As a group, equities analysts forecast that Deere & Company will post 27.37 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is 17.12%.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.