1,422 Shares in Deere & Company (NYSE:DE) Bought by Impact Capital Partners LLC

Impact Capital Partners LLC bought a new stake in Deere & Company (NYSE:DE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,422 shares of the industrial products company’s stock, valued at approximately $603,000.

Other institutional investors have also bought and sold shares of the company. HBK Sorce Advisory LLC lifted its stake in shares of Deere & Company by 6.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 4,419 shares of the industrial products company’s stock valued at $1,872,000 after purchasing an additional 259 shares during the period. Erste Asset Management GmbH lifted its stake in shares of Deere & Company by 4.0% in the 4th quarter. Erste Asset Management GmbH now owns 16,896 shares of the industrial products company’s stock valued at $7,266,000 after purchasing an additional 651 shares during the period. Achmea Investment Management B.V. lifted its stake in shares of Deere & Company by 13.8% in the 4th quarter. Achmea Investment Management B.V. now owns 13,649 shares of the industrial products company’s stock valued at $5,783,000 after purchasing an additional 1,658 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of Deere & Company by 7.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 22,400 shares of the industrial products company’s stock valued at $9,491,000 after purchasing an additional 1,517 shares during the period. Finally, Essential Planning LLC. acquired a new position in shares of Deere & Company in the 4th quarter valued at about $2,819,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Deere & Company stock opened at $466.64 on Friday. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The company’s 50 day moving average price is $465.46 and its two-hundred day moving average price is $432.18. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The stock has a market cap of $126.65 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. On average, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.39%. Deere & Company’s payout ratio is currently 28.72%.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DE. Baird R W lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. boosted their target price on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $501.00 target price on shares of Deere & Company in a research report on Monday, March 3rd. Evercore ISI boosted their target price on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $546.00 target price (down from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $460.00.

About Deere & Company

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.