Deere & Company (NYSE:DE) Shares Bought by AlphaCore Capital LLC

AlphaCore Capital LLC grew its holdings in shares of Deere & Company (NYSE:DE) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,634 shares of the industrial products company’s stock after purchasing an additional 211 shares during the period. AlphaCore Capital LLC’s holdings in Deere & Company were worth $1,934,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. EP Wealth Advisors LLC grew its stake in Deere & Company by 19.0% during the 1st quarter. EP Wealth Advisors LLC now owns 2,879 shares of the industrial products company’s stock worth $1,183,000 after purchasing an additional 460 shares in the last quarter. Capital International Inc. CA grew its position in shares of Deere & Company by 24.9% during the first quarter. Capital International Inc. CA now owns 6,661 shares of the industrial products company’s stock worth $2,736,000 after buying an additional 1,326 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Deere & Company by 67.3% during the first quarter. 1832 Asset Management L.P. now owns 3,313 shares of the industrial products company’s stock worth $1,361,000 after buying an additional 1,333 shares during the period. Kestra Advisory Services LLC raised its holdings in Deere & Company by 8.0% in the first quarter. Kestra Advisory Services LLC now owns 81,777 shares of the industrial products company’s stock valued at $33,592,000 after acquiring an additional 6,054 shares in the last quarter. Finally, BOKF NA lifted its stake in Deere & Company by 3.2% in the first quarter. BOKF NA now owns 10,316 shares of the industrial products company’s stock worth $4,169,000 after acquiring an additional 320 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DE. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Evercore ISI increased their price target on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research note on Monday, August 19th. Citigroup boosted their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Finally, BMO Capital Markets started coverage on shares of Deere & Company in a research report on Friday, August 9th. They issued a “market perform” rating and a $400.00 price target for the company. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Deere & Company currently has a consensus rating of “Hold” and an average target price of $420.69.

Deere & Company Price Performance

DE stock opened at $436.28 on Friday. The stock’s 50 day moving average price is $405.95 and its 200 day moving average price is $386.18. The firm has a market cap of $119.37 billion, a P/E ratio of 14.89, a PEG ratio of 1.54 and a beta of 0.93. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. Deere & Company has a 1 year low of $340.20 and a 1 year high of $442.05.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter last year, the company earned $8.26 earnings per share. The business’s revenue for the quarter was down 32.8% compared to the same quarter last year. On average, sell-side analysts expect that Deere & Company will post 25 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Monday, September 30th. Deere & Company’s dividend payout ratio is presently 20.06%.

Deere & Company Profile

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.