Cladis Investment Advisory LLC Acquires 50 Shares of Deere & Company (NYSE:DE)

Cladis Investment Advisory LLC grew its holdings in shares of Deere & Company (NYSE:DE) by 3.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,589 shares of the industrial products company’s stock after acquiring an additional 50 shares during the period. Cladis Investment Advisory LLC’s holdings in Deere & Company were worth $663,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DE. Fairscale Capital LLC bought a new position in Deere & Company during the 2nd quarter worth $26,000. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company in the third quarter valued at about $32,000. Olistico Wealth LLC bought a new position in shares of Deere & Company during the second quarter worth about $37,000. Centennial Bank AR lifted its stake in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares during the period. Finally, Briaud Financial Planning Inc boosted its holdings in Deere & Company by 73.5% in the second quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DE. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Evercore ISI boosted their target price on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a report on Monday, August 19th. Morgan Stanley upped their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Truist Financial lifted their price objective on Deere & Company from $496.00 to $538.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Hsbc Global Res lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $436.41.

Deere & Company Stock Performance

DE opened at $465.90 on Monday. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The company’s fifty day moving average price is $413.25 and its two-hundred day moving average price is $388.13. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39. The company has a market cap of $127.47 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.99 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 the consensus estimate of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same period in the previous year, the firm posted $8.26 earnings per share. The firm’s revenue for the quarter was down 32.8% on a year-over-year basis. On average, analysts expect that Deere & Company will post 19.52 EPS for the current fiscal year.

Deere & Company 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.