1,109 Shares in Deere & Company $DE Bought by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC purchased a new position in shares of Deere & Company (NYSE:DE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,109 shares of the industrial products company’s stock, valued at approximately $564,000.

A number of other hedge funds have also bought and sold shares of the business. Weitzel Financial Services Inc. boosted its position in Deere & Company by 1.1% during the second quarter. Weitzel Financial Services Inc. now owns 9,289 shares of the industrial products company’s stock worth $4,702,000 after purchasing an additional 103 shares during the period. Insigneo Advisory Services LLC lifted its stake in shares of Deere & Company by 4.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 2,299 shares of the industrial products company’s stock valued at $1,169,000 after buying an additional 94 shares in the last quarter. CreativeOne Wealth LLC boosted its holdings in Deere & Company by 1.3% in the 2nd quarter. CreativeOne Wealth LLC now owns 11,241 shares of the industrial products company’s stock worth $5,716,000 after buying an additional 140 shares during the period. Jefferies Financial Group Inc. bought a new position in Deere & Company in the 2nd quarter worth approximately $1,946,000. Finally, Global Retirement Partners LLC purchased a new position in Deere & Company in the 2nd quarter valued at approximately $1,936,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Price Performance

DE stock opened at $487.03 on Monday. Deere & Company has a 52-week low of $403.01 and a 52-week high of $533.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The firm has a 50 day moving average price of $466.30 and a 200-day moving average price of $491.06. The firm has a market capitalization of $131.66 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.05 and a beta of 1.04.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were issued a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. Deere & Company’s payout ratio is presently 33.87%.

Analyst Ratings Changes

Several equities research analysts have issued reports on DE shares. Citigroup dropped their target price on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. Sanford C. Bernstein increased their price target on shares of Deere & Company from $487.00 to $521.00 and gave the stock a “market perform” rating in a report on Thursday, November 13th. Wells Fargo & Company started coverage on shares of Deere & Company in a research report on Thursday, November 13th. They set an “overweight” rating and a $543.00 price target for the company. Daiwa Capital Markets decreased their target price on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research note on Thursday, September 25th. Finally, Truist Financial raised their price target on Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and an average price target of $519.85.

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.