3,095 Deere & Company $DE Shares Acquired by Csenge Advisory Group

Csenge Advisory Group boosted its stake in Deere & Company (NYSE:DE) by 52.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,983 shares of the industrial products company’s stock after buying an additional 3,095 shares during the period. Csenge Advisory Group’s holdings in Deere & Company were worth $6,033,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Deere & Company in the second quarter valued at approximately $27,000. Kilter Group LLC bought a new position in shares of Deere & Company during the second quarter worth approximately $29,000. Solstein Capital LLC bought a new position in shares of Deere & Company during the second quarter worth approximately $30,000. Orion Capital Management LLC acquired a new stake in Deere & Company during the 2nd quarter worth approximately $32,000. Finally, Downshift Financial LLC lifted its holdings in Deere & Company by 218.8% during the 3rd quarter. Downshift Financial LLC now owns 51 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 35 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Oppenheimer boosted their price target on Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. DA Davidson upped their price objective on Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a report on Monday, August 24th. Truist Financial lowered their price objective on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, UBS Group reduced their target price on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a research report on Friday, August 21st. Seventeen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Stock Down 0.6%

Shares of DE opened at $686.83 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. Deere & Company has a 12 month low of $455.90 and a 12 month high of $721.22. The firm’s 50 day moving average is $668.81 and its 200-day moving average is $609.76. The stock has a market capitalization of $185.18 billion, a PE ratio of 38.16, a P/E/G ratio of 1.96 and a beta of 0.89.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.75 earnings per share. Equities research analysts forecast that Deere & Company will post 18.11 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th were issued a $1.62 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $6.48 annualized dividend and a yield of 0.9%. Deere & Company’s payout ratio is currently 36.00%.

Trending Headlines about Deere & Company

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: ETF activity showed net interest in Deere: 36 ETFs added shares while 11 reduced holdings, and Capital Group Growth reported buying $87.4 million of Deere stock. ETF buying report Capital Group Growth report
• Neutral Sentiment: Deere added former Ernst & Young U.S. CEO Julie Boland to its board, bringing finance and governance experience. The related analysis said the shares were about 2% below its fair-value estimate, suggesting limited valuation cushion. Board and valuation analysis
• Negative Sentiment: Deere plans to end production at two Iowa plants and shift some work to other U.S. facilities and Brazil, while also moving production from Illinois and Louisiana. The company says the multiyear restructuring is intended to match capacity with demand; the closures and production shifts may nevertheless raise concerns about demand and the execution of the reorganization. Iowa plant closure report Production realignment report

About Deere & Company

Deere & Company, commonly known as John Deere, manufactures and distributes equipment and technology for agriculture, construction, forestry, and lawn care. Its products include tractors, combines, planting and spraying equipment, construction machinery, forestry equipment, and turf-care products, along with related parts and services. The company also provides precision agriculture technologies designed to help customers monitor and manage equipment and field operations. Through its Financial Services business, Deere offers financing and leasing options for equipment and related products.