De Lisle Partners LLP Increases Holdings in Deere & Company $DE

De Lisle Partners LLP raised its stake in shares of Deere & Company (NYSE:DE) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,500 shares of the industrial products company’s stock after buying an additional 1,000 shares during the quarter. De Lisle Partners LLP’s holdings in Deere & Company were worth $5,822,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DE. Strategic Advocates LLC purchased a new position in shares of Deere & Company in the third quarter worth $25,000. Key Capital Management INC purchased a new position in shares of Deere & Company in the fourth quarter worth $27,000. Timmons Wealth Management LLC purchased a new position in shares of Deere & Company in the fourth quarter worth $29,000. McIlrath & Eck LLC purchased a new position in shares of Deere & Company in the fourth quarter worth $30,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of Deere & Company in the third quarter worth $32,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 1.5%

NYSE DE opened at $577.05 on Friday. The stock’s 50-day moving average price is $573.27 and its 200-day moving average price is $548.89. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a market capitalization of $155.77 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.92.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. During the same quarter last year, the company earned $6.64 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that Deere & Company will post 18.13 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, August 10th. Investors of record on Tuesday, June 30th will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is currently 36.71%.

Analyst Ratings Changes

Several research firms have recently weighed in on DE. JPMorgan Chase & Co. boosted their price target on Deere & Company from $560.00 to $590.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. BMO Capital Markets boosted their price target on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Sanford C. Bernstein boosted their price target on Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. UBS Group boosted their price target on Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Truist Financial decreased their price target on Deere & Company from $793.00 to $759.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and a consensus price target of $639.58.

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.