Value Partners Investments Inc. Has $630,000 Stock Holdings in Deere & Company (NYSE:DE)

Value Partners Investments Inc. grew its stake in Deere & Company (NYSE:DE) by 51.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,341 shares of the industrial products company’s stock after purchasing an additional 455 shares during the quarter. Value Partners Investments Inc.’s holdings in Deere & Company were worth $630,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its stake in Deere & Company by 19.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company’s stock valued at $2,792,082,000 after buying an additional 1,095,736 shares during the period. Capital World Investors boosted its stake in Deere & Company by 2.7% during the 4th quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company’s stock worth $2,566,884,000 after acquiring an additional 157,224 shares during the last quarter. FMR LLC boosted its position in shares of Deere & Company by 22.9% during the fourth quarter. FMR LLC now owns 5,581,408 shares of the industrial products company’s stock worth $2,364,843,000 after purchasing an additional 1,039,395 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Deere & Company by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,305,571 shares of the industrial products company’s stock valued at $2,247,216,000 after buying an additional 97,203 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Deere & Company in the fourth quarter worth about $1,244,094,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup decreased their price objective on Deere & Company from $550.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday, May 30th. Robert W. Baird upped their price target on shares of Deere & Company from $501.00 to $514.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Oppenheimer raised their price objective on shares of Deere & Company from $513.00 to $555.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Wall Street Zen cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. Finally, Truist Financial increased their target price on Deere & Company from $546.00 to $619.00 and gave the stock a “buy” rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $515.19.

Deere & Company Stock Performance

Shares of NYSE DE opened at $506.87 on Thursday. The stock has a 50 day moving average price of $498.19 and a 200 day moving average price of $471.85. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.89 and a current ratio of 2.11. The stock has a market capitalization of $137.28 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 3.26 and a beta of 1.09.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The business’s revenue was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.53 EPS. Analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, June 30th. Deere & Company’s dividend payout ratio (DPR) is currently 31.35%.

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.