1,461 Shares in Deere & Company $DE Acquired by Permanent Capital Management LP

Permanent Capital Management LP acquired a new position in shares of Deere & Company (NYSE:DE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,461 shares of the industrial products company’s stock, valued at approximately $670,000.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after buying an additional 1,278 shares during the period. Evergreen Capital Management LLC raised its position in shares of Deere & Company by 5.5% during the first quarter. Evergreen Capital Management LLC now owns 1,470 shares of the industrial products company’s stock worth $692,000 after purchasing an additional 76 shares during the period. Activest Wealth Management raised its position in shares of Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 55 shares during the period. DRW Securities LLC grew its position in Deere & Company by 3.8% in the 1st quarter. DRW Securities LLC now owns 1,145 shares of the industrial products company’s stock valued at $537,000 after purchasing an additional 42 shares during the period. Finally, Saudi Central Bank acquired a new stake in Deere & Company in the 1st quarter valued at $48,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DE. DA Davidson restated a “buy” rating and set a $580.00 price objective on shares of Deere & Company in a report on Monday, December 1st. BMO Capital Markets restated a “market perform” rating and issued a $460.00 target price on shares of Deere & Company in a report on Tuesday, December 9th. Evercore ISI reaffirmed a “positive” rating on shares of Deere & Company in a research report on Friday, November 28th. Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Morgan Stanley restated an “overweight” rating and issued a $560.00 target price on shares of Deere & Company in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $522.70.

Deere & Company Price Performance

Deere & Company stock opened at $468.84 on Monday. Deere & Company has a 52 week low of $403.01 and a 52 week high of $533.78. The company’s 50 day moving average price is $473.11 and its two-hundred day moving average price is $484.67. The stock has a market cap of $126.80 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.80 and a beta of 1.00. The company has a quick ratio of 2.01, a current ratio of 2.22 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 EPS for the quarter, missing analysts’ consensus estimates 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 business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.55 earnings per share. On average, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is currently 35.01%.

Insider Activity at Deere & Company

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

Deere & 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.