Capital International Inc. CA Increases Holdings in Deere & Company (NYSE:DE)

Capital International Inc. CA lifted its stake in Deere & Company (NYSE:DE) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,008 shares of the industrial products company’s stock after purchasing an additional 3,984 shares during the quarter. Capital International Inc. CA’s holdings in Deere & Company were worth $9,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DE. Capital World Investors boosted its stake in Deere & Company by 2.7% during the 4th quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company’s stock valued at $2,566,884,000 after purchasing an additional 157,224 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Deere & Company by 7.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,587,065 shares of the industrial products company’s stock worth $1,096,179,000 after buying an additional 184,203 shares during the last quarter. Dnca Finance lifted its stake in Deere & Company by 13.3% during the 4th quarter. Dnca Finance now owns 68,300 shares of the industrial products company’s stock valued at $28,939,000 after acquiring an additional 8,000 shares during the period. Frederick Financial Consultants LLC bought a new stake in shares of Deere & Company in the fourth quarter worth approximately $496,000. Finally, GeoWealth Management LLC raised its holdings in shares of Deere & Company by 12.6% during the fourth quarter. GeoWealth Management LLC now owns 1,869 shares of the industrial products company’s stock valued at $792,000 after purchasing an additional 209 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of research analyst reports. Oppenheimer lifted their target price on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Evercore ISI upped their price objective on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Robert W. Baird restated a “neutral” rating and set a $501.00 price target on shares of Deere & Company in a research note on Monday, March 3rd. Truist Financial reiterated a “buy” rating and issued a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Finally, UBS Group reduced their target price on shares of Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $459.89.

Deere & Company Stock Down 0.1 %

NYSE DE opened at $452.06 on Friday. The stock has a 50 day moving average price of $469.77 and a 200-day moving average price of $444.72. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The company has a market capitalization of $122.70 billion, a P/E ratio of 20.04, a P/E/G ratio of 2.14 and a beta of 1.00.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, equities analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.43%. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Insider Buying and Selling at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.

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.