Deere & Company $DE Shares Acquired by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC boosted its holdings in Deere & Company (NYSE:DE) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 205,182 shares of the industrial products company’s stock after buying an additional 7,234 shares during the quarter. Deere & Company accounts for about 1.2% of Bartlett & CO. Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Bartlett & CO. Wealth Management LLC owned approximately 0.08% of Deere & Company worth $94,137,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of DE. Norges Bank bought a new stake in shares of Deere & Company during the 2nd quarter worth $1,578,243,000. Marshall Wace LLP lifted its holdings in shares of Deere & Company by 573.9% during the second quarter. Marshall Wace LLP now owns 842,882 shares of the industrial products company’s stock valued at $428,597,000 after purchasing an additional 717,808 shares during the last quarter. TD Asset Management Inc boosted its position in shares of Deere & Company by 132.0% in the 2nd quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock valued at $366,946,000 after purchasing an additional 410,636 shares during the period. Voya Investment Management LLC increased its stake in Deere & Company by 97.1% in the 1st quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after purchasing an additional 361,526 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its holdings in Deere & Company by 50,691.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 332,179 shares of the industrial products company’s stock worth $168,910,000 after buying an additional 331,525 shares during the period. Institutional investors own 68.58% of the company’s stock.

Insider Buying and Selling

In other news, CEO John C. May II sold 11,106 shares of Deere & Company stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total value of $5,553,888.48. Following the transaction, the chief executive officer owned 112,453 shares of the company’s stock, valued at $56,235,496.24. This trade represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Deere & Company Trading Down 0.9%

Deere & Company stock opened at $470.62 on Friday. Deere & Company has a one year low of $403.01 and a one year high of $533.78. The company’s fifty day moving average price is $471.38 and its two-hundred day moving average price is $486.77. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.22 and a quick ratio of 2.01. The company has a market capitalization of $127.22 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.79 and a beta of 1.00.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). The company had revenue of $12.39 billion for the quarter, compared to the consensus estimate of $9.77 billion. Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company posted $4.55 EPS. On average, analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is 35.01%.

Analysts Set New Price Targets

Several research analysts have commented on DE shares. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Deere & Company in a report on Monday, December 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research report on Monday. Truist Financial lifted their price objective on shares of Deere & Company from $609.00 to $612.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. Wells Fargo & Company initiated coverage on shares of Deere & Company in a research note on Thursday, November 13th. They set an “overweight” rating and a $543.00 target price on the stock. Finally, Zacks Research raised Deere & Company from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $522.70.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.