3,828 Shares in Deere & Company $DE Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in Deere & Company (NYSE:DE) during the second quarter, HoldingsChannel.com reports. The fund bought 3,828 shares of the industrial products company’s stock, valued at approximately $1,946,000.

Other large investors have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. acquired a new position in Deere & Company during the second quarter worth $25,000. Activest Wealth Management lifted its position in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Deere & Company during the 2nd quarter worth about $38,000. Center for Financial Planning Inc. boosted its stake in shares of Deere & Company by 406.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock worth $39,000 after buying an additional 61 shares during the last quarter. Finally, Livelsberger Financial Advisory bought a new position in shares of Deere & Company in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 2.3%

DE stock opened at $498.47 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $134.75 billion, a PE ratio of 26.06, a PEG ratio of 3.05 and a beta of 1.04. Deere & Company has a 1-year low of $403.01 and a 1-year high of $533.78. The business’s 50 day simple moving average is $467.28 and its 200 day simple moving average is $491.09.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $12.39 billion for the quarter, compared to analyst estimates of $9.77 billion. As a group, research analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a report on Monday. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Royal Bank Of Canada began coverage on Deere & Company in a report on Wednesday, October 22nd. They issued an “outperform” rating and a $542.00 price objective for the company. Jefferies Financial Group lowered their target price on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a report on Wednesday, October 8th. Finally, Truist Financial upped their price target on shares of Deere & Company from $602.00 to $609.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $519.85.

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.