NorthRock Partners LLC Purchases 296 Shares of Deere & Company $DE

NorthRock Partners LLC grew its stake in Deere & Company (NYSE:DE) by 6.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,991 shares of the industrial products company’s stock after purchasing an additional 296 shares during the period. NorthRock Partners LLC’s holdings in Deere & Company were worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Deere & Company by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company’s stock worth $10,355,546,000 after buying an additional 185,671 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Deere & Company by 4.3% in the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Deere & Company by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,815,817 shares of the industrial products company’s stock worth $852,254,000 after acquiring an additional 35,075 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Deere & Company by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,549,048 shares of the industrial products company’s stock worth $727,046,000 after acquiring an additional 25,725 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Deere & Company by 23.4% in the 1st quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock worth $635,150,000 after acquiring an additional 256,806 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

DE stock opened at $446.76 on Monday. The business’s fifty day moving average is $479.15 and its 200-day moving average is $488.45. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The company has a market cap of $120.77 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78.

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

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be given a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.5%. Deere & Company’s dividend payout ratio is currently 33.87%.

Analyst Upgrades and Downgrades

DE has been the topic of several recent analyst reports. Truist Financial boosted their target price on Deere & Company from $602.00 to $609.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Robert W. Baird reduced their target price on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. Citigroup reduced their target price on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Finally, Daiwa Capital Markets reduced their target price on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and a consensus price target of $513.88.

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.