3,250 Shares in Deere & Company $DE Bought by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new position in Deere & Company (NYSE:DE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,250 shares of the industrial products company’s stock, valued at approximately $1,486,000.

Several other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in shares of Deere & Company by 30.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 364,103 shares of the industrial products company’s stock valued at $185,143,000 after buying an additional 85,351 shares during the last quarter. Csenge Advisory Group boosted its position in Deere & Company by 84.9% during the third quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock worth $3,402,000 after purchasing an additional 3,416 shares during the period. Mesirow Financial Investment Management Inc. increased its stake in shares of Deere & Company by 1.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 4,678 shares of the industrial products company’s stock worth $2,379,000 after purchasing an additional 45 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Deere & Company in the second quarter valued at approximately $3,615,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Deere & Company during the 2nd quarter valued at approximately $4,550,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Trading Up 4.3%

Shares of Deere & Company stock opened at $568.20 on Thursday. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.22 and a quick ratio of 2.01. Deere & Company has a 1 year low of $404.42 and a 1 year high of $571.56. The firm has a market cap of $154.02 billion, a PE ratio of 30.70, a PEG ratio of 2.17 and a beta of 1.02. The company has a 50 day simple moving average of $490.96 and a two-hundred day simple moving average of $483.28.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($0.03). Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The company had revenue of $12.39 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter last year, the business posted $4.55 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. Analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s dividend payout ratio is presently 35.01%.

Insider Transactions at Deere & Company

In other news, 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 approximately $59,160,775.30. This represents a 26.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 20,792 shares of the company’s stock, valued at $10,603,920. The trade was a 36.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 64,578 shares of company stock valued at $32,471,682 over the last quarter. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DE. Truist Financial boosted their target price on shares of Deere & Company from $609.00 to $612.00 and gave the company a “buy” rating in a report on Friday, November 28th. Oppenheimer increased their price objective on Deere & Company from $512.00 to $531.00 and gave the stock an “outperform” rating in a report on Friday, November 28th. Evercore ISI reiterated a “positive” rating on shares of Deere & Company in a research report on Friday, November 28th. DA Davidson restated a “buy” rating and issued a $580.00 price objective on shares of Deere & Company in a research report on Monday, December 1st. Finally, Robert W. Baird decreased their target price on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Fifteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and a consensus price target of $524.20.

About Deere & Company

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.