iSAM Funds UK Ltd Buys 2,425 Shares of Deere & Company $DE

iSAM Funds UK Ltd increased its stake in Deere & Company (NYSE:DE) by 105.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,726 shares of the industrial products company’s stock after purchasing an additional 2,425 shares during the quarter. iSAM Funds UK Ltd’s holdings in Deere & Company were worth $2,161,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bouchey Financial Group Ltd raised its position in shares of Deere & Company by 4.4% in the third quarter. Bouchey Financial Group Ltd now owns 500 shares of the industrial products company’s stock valued at $229,000 after purchasing an additional 21 shares during the period. Silvant Capital Management LLC lifted its stake in shares of Deere & Company by 0.5% in the third quarter. Silvant Capital Management LLC now owns 4,449 shares of the industrial products company’s stock worth $2,034,000 after buying an additional 21 shares during the last quarter. Blue Chip Partners LLC boosted its holdings in shares of Deere & Company by 1.4% during the 2nd quarter. Blue Chip Partners LLC now owns 1,574 shares of the industrial products company’s stock worth $801,000 after buying an additional 21 shares during the period. TRUE Private Wealth Advisors grew its stake in Deere & Company by 3.0% in the 2nd quarter. TRUE Private Wealth Advisors now owns 744 shares of the industrial products company’s stock valued at $378,000 after buying an additional 22 shares during the last quarter. Finally, Forefront Wealth Partners LLC grew its stake in Deere & Company by 4.1% in the 3rd quarter. Forefront Wealth Partners LLC now owns 564 shares of the industrial products company’s stock valued at $258,000 after buying an additional 22 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DE. Daiwa Securities Group cut their target price on shares of Deere & Company from $530.00 to $520.00 and set an “outperform” rating for the company in a research report on Tuesday, December 2nd. Truist Financial raised their price target on Deere & Company from $612.00 to $793.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Deere & Company in a research note on Monday, December 1st. Sanford C. Bernstein boosted their price objective on Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Finally, DA Davidson increased their target price on Deere & Company from $580.00 to $775.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $644.70.

Insider Activity at Deere & Company

In related news, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 117,970 shares in the company, valued at approximately $59,160,775.30. This represents a 26.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the transaction, the insider directly owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This trade represents a 36.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by company insiders.

Deere & Company Stock Performance

NYSE DE opened at $577.42 on Friday. The company’s fifty day moving average is $564.21 and its two-hundred day moving average is $502.98. Deere & Company has a 52-week low of $404.42 and a 52-week high of $674.19. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. The firm has a market capitalization of $155.97 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 2.05 and a beta of 0.96.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business had revenue of $9.61 billion during the quarter, compared to analyst estimates of $7.50 billion. During the same quarter in the prior year, the business earned $3.19 earnings per share. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Deere & Company’s dividend payout ratio (DPR) is presently 36.53%.

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.