Deere & Company $DE Shares Sold by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC lessened its position in Deere & Company (NYSE:DE) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,165 shares of the industrial products company’s stock after selling 25 shares during the period. Tiemann Investment Advisors LLC’s holdings in Deere & Company were worth $547,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,278 shares during the period. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Deere & Company in the fourth quarter worth approximately $2,110,000. Quantessence Capital LLC acquired a new stake in shares of Deere & Company in the fourth quarter worth approximately $470,000. Price T Rowe Associates Inc. MD grew its holdings 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 purchasing an additional 1,095,736 shares during the period. Finally, MGO One Seven LLC increased its stake in Deere & Company by 28.5% during the fourth quarter. MGO One Seven LLC now owns 3,884 shares of the industrial products company’s stock worth $1,646,000 after acquiring an additional 861 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE stock opened at $492.4310 on Thursday. Deere & Company has a 52 week low of $372.12 and a 52 week high of $533.78. 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 cap of $133.37 billion, a P/E ratio of 25.74, a P/E/G ratio of 3.13 and a beta of 1.06. The firm has a 50 day simple moving average of $509.47 and a 200 day simple moving average of $490.15.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the company posted $6.29 earnings per share. The firm’s revenue was down 9.0% on a year-over-year basis. Research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, June 30th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 30th. Deere & Company’s dividend payout ratio (DPR) is currently 33.87%.

Analyst Ratings Changes

A number of research firms have weighed in on DE. Truist Financial decreased their price target on Deere & Company from $619.00 to $602.00 and set a “buy” rating for the company in a report on Friday, August 15th. Robert W. Baird dropped their target price on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Barclays lifted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. BMO Capital Markets reissued a “market perform” rating and set a $460.00 target price (up previously from $425.00) on shares of Deere & Company in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $490.00 to $540.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Deere & Company has an average rating of “Moderate Buy” and a consensus target price of $523.87.

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.