Hudson Value Partners LLC Increases Stock Position in Deere & Company $DE

Hudson Value Partners LLC increased its position in Deere & Company (NYSE:DE) by 18.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,043 shares of the industrial products company’s stock after buying an additional 1,243 shares during the quarter. Hudson Value Partners LLC’s holdings in Deere & Company were worth $3,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vivid Wealth Management LLC lifted its stake in shares of Deere & Company by 1.9% in the 2nd quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock valued at $553,000 after purchasing an additional 20 shares in the last quarter. Werba Rubin Papier Wealth Management raised its holdings in Deere & Company by 3.0% in the second quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock valued at $344,000 after buying an additional 20 shares during the period. Prairie Wealth Advisors Inc. raised its holdings in Deere & Company by 2.1% in the second quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock valued at $492,000 after buying an additional 20 shares during the period. Trilogy Capital Inc. lifted its position in Deere & Company by 1.3% during the second quarter. Trilogy Capital Inc. now owns 1,692 shares of the industrial products company’s stock valued at $860,000 after buying an additional 21 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in Deere & Company by 0.9% during the second quarter. Rehmann Capital Advisory Group now owns 2,486 shares of the industrial products company’s stock worth $1,264,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Down 1.5%

NYSE:DE opened at $521.67 on Friday. The stock has a market cap of $141.41 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 2.02 and a beta of 1.00. Deere & Company has a one year low of $404.42 and a one year high of $533.78. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.01 and a current ratio of 2.22. The business’s 50-day simple moving average is $481.83 and its 200 day simple moving average is $482.02.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $9.77 billion. During the same quarter in the prior year, the firm earned $4.55 earnings per share. Deere & Company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, sell-side analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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 paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s payout ratio is 35.01%.

Insider Buying and Selling at Deere & Company

In other news, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the sale, the insider owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. The trade was a 36.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John C. May II sold 41,472 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the transaction, the chief executive officer directly owned 117,970 shares in the company, valued at $59,160,775.30. The trade was a 26.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 64,578 shares of company stock worth $32,471,682 over the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of research reports. Robert W. Baird cut their target price on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Deere & Company in a research report on Monday, December 1st. UBS Group restated a “buy” rating on shares of Deere & Company in a research note on Tuesday, November 25th. Jefferies Financial Group raised their target price on Deere & Company from $440.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. Finally, Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Fifteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.