Deere & Company (NYSE:DE) Holdings Trimmed by Olympiad Research LP

Olympiad Research LP trimmed its position in shares of Deere & Company (NYSE:DEFree Report) by 30.9% during the 4th quarter, HoldingsChannel reports. The firm owned 591 shares of the industrial products company’s stock after selling 264 shares during the quarter. Olympiad Research LP’s holdings in Deere & Company were worth $236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley grew its holdings in shares of Deere & Company by 1.3% during the 3rd quarter. Morgan Stanley now owns 5,089,159 shares of the industrial products company’s stock valued at $1,920,548,000 after acquiring an additional 65,006 shares in the last quarter. FMR LLC lifted its stake in shares of Deere & Company by 6.6% in the 3rd quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock valued at $1,650,767,000 after purchasing an additional 269,571 shares during the last quarter. Norges Bank acquired a new stake in shares of Deere & Company in the 4th quarter valued at $1,248,036,000. Northern Trust Corp lifted its stake in shares of Deere & Company by 2.5% in the 3rd quarter. Northern Trust Corp now owns 3,061,715 shares of the industrial products company’s stock valued at $1,155,430,000 after purchasing an additional 73,601 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Deere & Company by 11.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,595,945 shares of the industrial products company’s stock valued at $638,167,000 after purchasing an additional 160,369 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Daiwa Capital Markets lifted their price objective on shares of Deere & Company from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. reduced their price objective on shares of Deere & Company from $425.00 to $385.00 and set a “neutral” rating for the company in a research note on Friday, May 17th. Wells Fargo & Company reduced their price objective on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. DA Davidson cut their target price on shares of Deere & Company from $483.00 to $465.00 and set a “buy” rating for the company in a research report on Monday, May 20th. Finally, Truist Financial assumed coverage on shares of Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $432.92.

Get Our Latest Analysis on DE

Deere & Company Stock Performance

Shares of DE traded up $1.65 during trading hours on Thursday, reaching $366.63. 645,459 shares of the company traded hands, compared to its average volume of 1,468,786. The stock’s fifty day moving average is $398.53 and its 200 day moving average is $386.49. The stock has a market cap of $102.06 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 1.47 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.80 and a current ratio of 2.01. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00.

Deere & Company (NYSE:DEGet Free Report) last posted its earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, beating analysts’ consensus estimates of $7.86 by $0.67. The business had revenue of $13.61 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The firm’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.65 earnings per share. Equities research analysts anticipate that Deere & Company will post 25.8 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 28th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.60%. Deere & Company’s payout ratio is currently 17.70%.

Deere & Company Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DEFree Report).

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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