Deere & Company (NYSE:DE) Shares Bought by Mather Group LLC.

Mather Group LLC. lifted its holdings in shares of Deere & Company (NYSE:DE) by 27.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,794 shares of the industrial products company’s stock after acquiring an additional 602 shares during the quarter. Mather Group LLC.’s holdings in Deere & Company were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Leibman Financial Services Inc. grew its holdings in Deere & Company by 2.7% during the 2nd quarter. Leibman Financial Services Inc. now owns 13,425 shares of the industrial products company’s stock worth $5,016,000 after acquiring an additional 347 shares in the last quarter. Insight Wealth Strategies LLC grew its position in shares of Deere & Company by 4.3% in the 2nd quarter. Insight Wealth Strategies LLC now owns 5,542 shares of the industrial products company’s stock worth $2,070,000 after acquiring an additional 231 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Deere & Company by 51.6% in the 2nd quarter. ST Germain D J Co. Inc. now owns 3,038 shares of the industrial products company’s stock valued at $1,135,000 after acquiring an additional 1,034 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Deere & Company by 579.1% during the 2nd quarter. Versant Capital Management Inc now owns 292 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 249 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Deere & Company during the second quarter worth $207,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Up 1.8 %

DE stock traded up $6.39 during trading hours on Wednesday, hitting $352.45. The company’s stock had a trading volume of 330,700 shares, compared to its average volume of 1,525,478. The stock has a 50 day moving average price of $369.80 and a two-hundred day moving average price of $382.44. Deere & Company has a 12 month low of $340.20 and a 12 month high of $441.46. The company has a market capitalization of $97.12 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, May 16th. The industrial products company reported $8.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.86 by $0.67. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The firm had revenue of $13.61 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the prior year, the company posted $9.65 earnings per share. Deere & Company’s revenue for the quarter was down 15.4% on a year-over-year basis. On average, equities research analysts expect that Deere & Company will post 25.41 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 28th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, June 28th. Deere & Company’s dividend payout ratio is 17.70%.

Analyst Ratings Changes

Several research analysts have recently commented on DE shares. TD Cowen lifted their price target on shares of Deere & Company from $383.00 to $390.00 and gave the company a “hold” rating in a report on Friday, May 17th. Truist Financial reduced their price objective on Deere & Company from $460.00 to $439.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. DA Davidson dropped their target price on Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. JPMorgan Chase & Co. reduced their price target on shares of Deere & Company from $385.00 to $375.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Finally, Oppenheimer cut their price objective on shares of Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $426.71.

Insider Activity at Deere & Company

In other news, insider Cory J. Reed sold 13,370 shares of Deere & Company stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the transaction, the insider now owns 41,642 shares of the company’s stock, valued at $15,725,268.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by company insiders.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.