Deere & Company (NYSE:DE) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC lowered its position in Deere & Company (NYSE:DE) by 16.8% in the third quarter, HoldingsChannel reports. The fund owned 16,618 shares of the industrial products company’s stock after selling 3,347 shares during the quarter. Mizuho Securities USA LLC’s holdings in Deere & Company were worth $6,935,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DE. Pathway Financial Advisers LLC raised its position in shares of Deere & Company by 53,338.6% in the third quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company’s stock worth $356,602,000 after acquiring an additional 852,885 shares during the period. International Assets Investment Management LLC raised its position in shares of Deere & Company by 46,892.9% during the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company’s stock worth $322,218,000 after purchasing an additional 770,451 shares during the last quarter. Swedbank AB acquired a new position in shares of Deere & Company during the 1st quarter worth about $191,628,000. Mawer Investment Management Ltd. acquired a new position in shares of Deere & Company during the 2nd quarter worth about $166,937,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Deere & Company during the 3rd quarter worth about $136,936,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial upped their price target on shares of Deere & Company from $443.00 to $496.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. HSBC downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Bank of America upped their price target on shares of Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Finally, Citigroup upped their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $420.69.

Deere & Company Trading Up 1.3 %

NYSE DE opened at $405.11 on Thursday. The company’s fifty day simple moving average is $404.97 and its 200-day simple moving average is $385.83. Deere & Company has a 52 week low of $340.20 and a 52 week high of $420.47. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The stock has a market cap of $110.84 billion, a P/E ratio of 13.82, a PEG ratio of 1.54 and a beta of 0.93.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The business had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business’s revenue for the quarter was down 32.8% compared to the same quarter last year. During the same period in the previous year, the company posted $8.26 earnings per share. Equities research analysts predict that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were issued a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 annualized dividend and a yield of 1.45%. Deere & Company’s dividend payout ratio is presently 20.06%.

About Deere & Company

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.