Deere & Company $DE Shares Acquired by Liberty One Investment Management LLC

Liberty One Investment Management LLC increased its position in shares of Deere & Company (NYSE:DE) by 32.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,942 shares of the industrial products company’s stock after buying an additional 3,384 shares during the period. Liberty One Investment Management LLC’s holdings in Deere & Company were worth $6,375,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $25,000. Howard Hughes Medical Institute acquired a new position in shares of Deere & Company during the second quarter worth $27,000. Marshall & Sullivan Inc. WA purchased a new position in Deere & Company in the second quarter valued at $38,000. Livelsberger Financial Advisory purchased a new position in Deere & Company in the second quarter valued at $39,000. Finally, Center for Financial Planning Inc. raised its stake in Deere & Company by 406.7% in the second quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of DE opened at $490.82 on Tuesday. The company’s 50 day simple moving average is $475.30 and its 200-day simple moving average is $481.56. The firm has a market cap of $132.74 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. Deere & Company has a 12-month low of $404.42 and a 12-month high of $533.78. 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 (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The business had revenue of $12.39 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the company earned $4.55 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be given 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 payout ratio is 35.01%.

Insider Buying and Selling

In other Deere & Company news, CEO John C. May II sold 41,472 shares of Deere & Company stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the transaction, the chief executive officer directly owned 117,970 shares in the company, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DE. DA Davidson reaffirmed a “buy” rating and set a $580.00 price objective on shares of Deere & Company in a research report on Monday, December 1st. Truist Financial upped their price target on Deere & Company from $609.00 to $612.00 and gave the company a “buy” rating in a report on Friday, November 28th. Zacks Research upgraded shares of Deere & Company from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. UBS Group restated a “buy” rating on shares of Deere & Company in a research report on Tuesday, November 25th. Finally, Wall Street Zen downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. 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 stock. Based on data from MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $524.20.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.