Hudson Value Partners LLC Buys 627 Shares of Deere & Company (NYSE:DE)

Hudson Value Partners LLC boosted its stake in Deere & Company (NYSE:DE) by 10.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,520 shares of the industrial products company’s stock after purchasing an additional 627 shares during the quarter. Hudson Value Partners LLC’s holdings in Deere & Company were worth $2,721,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DE. Fairscale Capital LLC acquired a new stake in shares of Deere & Company during the second quarter worth about $26,000. Pineridge Advisors LLC raised its position in shares of Deere & Company by 725.0% during the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 58 shares during the period. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company during the third quarter worth about $32,000. Olistico Wealth LLC acquired a new stake in Deere & Company in the 2nd quarter valued at approximately $37,000. Finally, Centennial Bank AR raised its position in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after buying an additional 84 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Price Performance

Shares of DE opened at $411.16 on Friday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $420.47. The business has a 50-day simple moving average of $402.27 and a two-hundred day simple moving average of $385.56. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The stock has a market cap of $112.49 billion, a PE ratio of 14.03, a PEG ratio of 1.52 and a beta of 0.93.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The business had revenue of $11.39 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the prior year, the firm earned $10.20 EPS. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. Analysts anticipate that Deere & Company will post 25 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be given a dividend of $1.47 per share. The ex-dividend date is Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.43%. Deere & Company’s payout ratio is 20.06%.

Analysts Set New Price Targets

DE has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Deere & Company from $450.00 to $425.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Bank of America boosted their price target on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Truist Financial boosted their price target on Deere & Company from $443.00 to $496.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Hsbc Global Res lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $420.69.

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.