Deere & Company (NYSE:DE) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC increased its position in shares of Deere & Company (NYSE:DE) by 30.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,436 shares of the industrial products company’s stock after acquiring an additional 573 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Deere & Company were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Briaud Financial Planning Inc acquired a new stake in Deere & Company during the third quarter worth $25,000. Retirement Group LLC increased its position in shares of Deere & Company by 264.7% during the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 45 shares during the last quarter. ZRC Wealth Management LLC acquired a new stake in shares of Deere & Company during the 4th quarter worth about $28,000. Rakuten Securities Inc. purchased a new stake in Deere & Company in the 4th quarter valued at about $28,000. Finally, Worth Asset Management LLC purchased a new position in Deere & Company during the first quarter worth about $28,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 1.0 %

Shares of Deere & Company stock traded up $3.99 during trading on Thursday, hitting $400.87. 1,562,911 shares of the stock were exchanged, compared to its average volume of 1,501,047. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The firm’s 50-day moving average price is $385.17 and its 200 day moving average price is $382.66. The stock has a market cap of $111.59 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The company had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. Deere & Company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the firm earned $6.55 earnings per share. As a group, analysts forecast that Deere & Company will post 27.39 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is 17.12%.

Analyst Upgrades and Downgrades

DE has been the topic of a number of research analyst reports. Morgan Stanley assumed coverage on shares of Deere & Company in a research note on Monday, January 8th. They issued an “overweight” rating and a $430.00 price target on the stock. Stifel Nicolaus decreased their price target on Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Truist Financial assumed coverage on Deere & Company in a research note on Thursday, March 14th. They set a “buy” rating and a $494.00 target price on the stock. Finally, Evercore ISI lifted their target price on Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Deere & Company currently has an average rating of “Hold” and a consensus price target of $433.28.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.