Sivia Capital Partners LLC Acquires Shares of 534 Deere & Company (NYSE:DE)

Sivia Capital Partners LLC acquired a new stake in Deere & Company (NYSE:DE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 534 shares of the industrial products company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its holdings in Deere & Company by 1,180.0% in the fourth quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock valued at $26,000 after buying an additional 59 shares in the last quarter. ZRC Wealth Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $28,000. Rakuten Securities Inc. purchased a new stake in shares of Deere & Company during the fourth quarter worth about $28,000. Naples Money Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $29,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DE. DA Davidson cut their target price on shares of Deere & Company from $483.00 to $465.00 and set a “buy” rating for the company in a research note on Monday, May 20th. TD Cowen boosted their target price on shares of Deere & Company from $383.00 to $390.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Truist Financial began coverage on shares of Deere & Company in a research note on Thursday, March 14th. They set a “buy” rating and a $494.00 target price for the company. Daiwa Capital Markets boosted their target price on shares of Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Deere & Company from $425.00 to $385.00 and set a “neutral” rating for the company in a research note on Friday, May 17th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $433.36.

Deere & Company Stock Performance

NYSE:DE opened at $379.35 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The firm has a market capitalization of $104.54 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.52 and a beta of 0.98. The company’s 50-day moving average is $389.76 and its two-hundred day moving average is $386.51. Deere & Company has a 1-year low of $353.15 and a 1-year high of $450.00.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, beating the consensus estimate of $7.86 by $0.67. The company had revenue of $13.61 billion for the quarter, compared to analyst estimates of $13.29 billion. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. Deere & Company’s revenue was down 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $9.65 EPS. Analysts forecast that Deere & Company will post 25.61 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 28th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.88 annualized dividend and a yield of 1.55%. Deere & Company’s payout ratio is 17.70%.

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.