Deere & Company $DE Stock Holdings Cut by Humankind Investments LLC

Humankind Investments LLC lessened its position in Deere & Company (NYSE:DE) by 24.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,687 shares of the industrial products company’s stock after selling 1,486 shares during the period. Deere & Company makes up 0.6% of Humankind Investments LLC’s holdings, making the stock its 26th largest position. Humankind Investments LLC’s holdings in Deere & Company were worth $2,383,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Norges Bank bought a new stake in Deere & Company in the second quarter worth about $1,578,243,000. Marshall Wace LLP grew its stake in shares of Deere & Company by 573.9% in the 2nd quarter. Marshall Wace LLP now owns 842,882 shares of the industrial products company’s stock worth $428,597,000 after purchasing an additional 717,808 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Deere & Company by 132.0% in the 2nd quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock worth $366,946,000 after purchasing an additional 410,636 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Deere & Company by 97.1% in the 1st quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after purchasing an additional 361,526 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in Deere & Company by 50,691.9% during the second quarter. Laurel Wealth Advisors LLC now owns 332,179 shares of the industrial products company’s stock valued at $168,910,000 after purchasing an additional 331,525 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Insider Transactions at Deere & Company

In other Deere & Company news, CEO John C. May II sold 11,106 shares of Deere & Company stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total transaction of $5,553,888.48. Following the completion of the sale, the chief executive officer owned 112,453 shares of the company’s stock, valued at $56,235,496.24. This trade represents a 8.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DE has been the topic of several recent research reports. Truist Financial lifted their price target on shares of Deere & Company from $609.00 to $612.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. BMO Capital Markets reissued a “market perform” rating and set a $460.00 price objective on shares of Deere & Company in a research note on Tuesday. Citigroup cut their target price on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. Jefferies Financial Group upped their target price on Deere & Company from $440.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday. Finally, DA Davidson reissued a “buy” rating and issued a $580.00 price target on shares of Deere & Company in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and an average price target of $523.70.

Deere & Company Stock Up 2.0%

NYSE:DE opened at $485.35 on Friday. The business’s fifty day moving average price is $469.02 and its 200 day moving average price is $487.70. The firm has a market capitalization of $131.20 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.79 and a beta of 1.00. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. Deere & Company has a 1-year low of $403.01 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last released its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($0.03). The business had revenue of $12.39 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $4.55 EPS. On average, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s dividend payout ratio is currently 35.01%.

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.