TFB Advisors LLC Has $224,000 Stake in Deere & Company $DE

TFB Advisors LLC reduced its stake in shares of Deere & Company (NYSE:DE) by 13.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 478 shares of the industrial products company’s stock after selling 72 shares during the quarter. TFB Advisors LLC’s holdings in Deere & Company were worth $224,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Deere & Company by 0.8% during the first quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company’s stock worth $10,355,546,000 after acquiring an additional 185,671 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Deere & Company by 19.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company’s stock worth $2,792,082,000 after acquiring an additional 1,095,736 shares in the last quarter. Northern Trust Corp raised its stake in Deere & Company by 12.8% during the fourth quarter. Northern Trust Corp now owns 2,915,729 shares of the industrial products company’s stock worth $1,235,394,000 after acquiring an additional 330,915 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Deere & Company by 2.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,780,742 shares of the industrial products company’s stock worth $754,500,000 after acquiring an additional 48,941 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Deere & Company by 61,215.9% during the first quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company’s stock worth $822,781,000 after acquiring an additional 1,750,163 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Price Performance

Shares of DE opened at $492.4310 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a 1 year low of $372.12 and a 1 year high of $533.78. The stock has a market cap of $133.37 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 3.13 and a beta of 1.06. The stock’s 50-day moving average price is $509.47 and its two-hundred day moving average price is $490.15.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the business posted $6.29 EPS. Deere & Company’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, June 30th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, June 30th. Deere & Company’s payout ratio is 33.87%.

Analysts Set New Price Targets

DE has been the subject of a number of research reports. The Goldman Sachs Group restated a “buy” rating on shares of Deere & Company in a research note on Thursday, May 15th. Melius upgraded Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Evercore ISI set a $491.00 target price on Deere & Company in a research note on Tuesday. Melius Research upgraded Deere & Company from a “hold” rating to a “strong-buy” rating in a report on Friday, June 6th. Finally, Truist Financial decreased their price target on Deere & Company from $619.00 to $602.00 and set a “buy” rating on the stock in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and a consensus price target of $523.87.

About Deere & Company

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.