Empirical Finance LLC Sells 134 Shares of Deere & Company (NYSE:DE)

Empirical Finance LLC cut its holdings in Deere & Company (NYSE:DE) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,169 shares of the industrial products company’s stock after selling 134 shares during the period. Empirical Finance LLC’s holdings in Deere & Company were worth $3,885,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company during the third quarter valued at about $32,000. Modus Advisors LLC purchased a new position in shares of Deere & Company during the 4th quarter valued at $32,000. YANKCOM Partnership bought a new position in shares of Deere & Company in the fourth quarter worth $34,000. Synergy Asset Management LLC purchased a new stake in shares of Deere & Company in the fourth quarter worth $35,000. Finally, Continuum Advisory LLC grew its position in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Trading Up 0.1 %

NYSE:DE opened at $465.63 on Friday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $485.84. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The company has a 50-day moving average price of $445.00 and a 200-day moving average price of $412.86. The stock has a market cap of $126.82 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 2.87 and a beta of 0.98.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the prior year, the business earned $8.26 EPS. The business’s revenue for the quarter was down 32.8% on a year-over-year basis. Equities analysts predict that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

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

Analysts Set New Price Targets

DE has been the topic of several recent analyst reports. Citigroup lowered their price target on Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Oppenheimer increased their price objective on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Truist Financial increased their price target on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Barclays boosted their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $444.50.

Deere & 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.