Annis Gardner Whiting Capital Advisors LLC Purchases 1,173 Shares of Deere & Company $DE

Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Deere & Company (NYSE:DE) by 140.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,007 shares of the industrial products company’s stock after acquiring an additional 1,173 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Deere & Company were worth $921,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $1,578,243,000. Marshall Wace LLP grew its holdings in Deere & Company by 573.9% during the second quarter. Marshall Wace LLP now owns 842,882 shares of the industrial products company’s stock worth $428,597,000 after purchasing an additional 717,808 shares during the period. TD Asset Management Inc increased its position in Deere & Company by 132.0% during the second quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock worth $366,946,000 after buying an additional 410,636 shares during the last quarter. Laurel Wealth Advisors LLC raised its stake in Deere & Company by 50,691.9% in the second quarter. Laurel Wealth Advisors LLC now owns 332,179 shares of the industrial products company’s stock valued at $168,910,000 after buying an additional 331,525 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Deere & Company by 1.4% in the second quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company’s stock valued at $11,376,279,000 after buying an additional 309,081 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $524.44 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $142.16 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00. Deere & Company has a twelve month low of $404.42 and a twelve month high of $533.78. The company has a 50-day simple moving average of $485.34 and a two-hundred day simple moving average of $482.00.

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

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is 35.01%.

Insider Buying and Selling at Deere & Company

In related news, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the transaction, the chief executive officer owned 117,970 shares in the company, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the transaction, the insider directly owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This trade represents a 36.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 64,578 shares of company stock valued at $32,471,682 over the last ninety days. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Robert W. Baird reduced their target price on Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Deere & Company in a report on Tuesday, December 9th. Royal Bank Of Canada reduced their price objective on shares of Deere & Company from $542.00 to $541.00 and set an “outperform” rating for the company in a research report on Friday, November 28th. BMO Capital Markets reissued a “market perform” rating and issued a $460.00 price objective on shares of Deere & Company in a research report on Tuesday, December 9th. Finally, Truist Financial raised their target price on shares of Deere & Company from $609.00 to $612.00 and gave the stock a “buy” rating in a research note on Friday, November 28th. Fifteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $524.20.

Deere & Company Company Profile

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.