Regents Gate Capital LLP Takes $1.83 Million Position in Deere & Company (NYSE:DE)

Regents Gate Capital LLP purchased a new position in shares of Deere & Company (NYSE:DE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,329 shares of the industrial products company’s stock, valued at approximately $1,834,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Soltis Investment Advisors LLC raised its holdings in shares of Deere & Company by 26.7% in the 4th quarter. Soltis Investment Advisors LLC now owns 726 shares of the industrial products company’s stock worth $308,000 after acquiring an additional 153 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in Deere & Company by 0.4% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 10,103 shares of the industrial products company’s stock worth $4,281,000 after purchasing an additional 37 shares in the last quarter. Elevate Capital Advisors LLC purchased a new stake in shares of Deere & Company in the fourth quarter worth approximately $1,737,000. Harbour Trust & Investment Management Co lifted its holdings in shares of Deere & Company by 2.3% in the fourth quarter. Harbour Trust & Investment Management Co now owns 28,648 shares of the industrial products company’s stock valued at $12,138,000 after purchasing an additional 643 shares in the last quarter. Finally, Canvas Wealth Advisors LLC purchased a new position in shares of Deere & Company during the fourth quarter valued at approximately $202,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

DE opened at $465.63 on Monday. The firm has a 50-day moving average price of $445.00 and a 200-day moving average price of $413.15. Deere & Company has a twelve month low of $340.20 and a twelve month high of $485.84. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $126.82 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 2.87 and a beta of 0.98.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company’s revenue was down 32.8% compared to the same quarter last year. During the same period in the previous year, the business earned $8.26 EPS. Equities analysts expect that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.39%. Deere & Company’s dividend payout ratio is 25.31%.

Analyst Ratings Changes

DE has been the topic of several recent analyst reports. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Barclays upped their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Oppenheimer increased their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Truist Financial boosted their target price on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $444.50.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.