Regency Capital Management Inc. DE cut its holdings in Deere & Company (NYSE:DE – Free Report) by 38.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,085 shares of the industrial products company’s stock after selling 2,563 shares during the quarter. Deere & Company comprises about 0.9% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 28th biggest holding. Regency Capital Management Inc. DE’s holdings in Deere & Company were worth $1,705,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. True Wealth Design LLC raised its holdings in Deere & Company by 1,180.0% during the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock worth $26,000 after buying an additional 59 shares during the period. Fairscale Capital LLC acquired a new stake in Deere & Company during the 2nd quarter worth about $26,000. Pineridge Advisors LLC raised its holdings in Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after buying an additional 58 shares during the period. Livelsberger Financial Advisory acquired a new stake in Deere & Company during the 4th quarter worth about $30,000. Finally, Spartan Planning & Wealth Management acquired a new stake in Deere & Company during the 4th quarter worth about $33,000. 68.58% of the stock is currently owned by institutional investors.
Deere & Company Stock Performance
Deere & Company stock traded down $0.75 during trading hours on Friday, reaching $407.99. 874,434 shares of the company were exchanged, compared to its average volume of 1,501,547. The firm has a market cap of $112.43 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.36 and a beta of 0.92. 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 50-day moving average of $382.65 and a 200 day moving average of $385.04. Deere & Company has a 12 month low of $340.20 and a 12 month high of $420.47.
Deere & Company Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.44%. Deere & Company’s payout ratio is currently 17.70%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on DE shares. Raymond James started coverage on Deere & Company in a report on Friday, June 28th. They set an “outperform” rating and a $420.00 price objective on the stock. Bank of America boosted their price objective on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. JPMorgan Chase & Co. dropped their target price on Deere & Company from $375.00 to $360.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Truist Financial reiterated a “buy” rating and issued a $443.00 target price (up previously from $439.00) on shares of Deere & Company in a report on Friday, August 16th. Finally, Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Thirteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $410.50.
View Our Latest Analysis on Deere & Company
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.
Read More
- Five stocks we like better than Deere & Company
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- Best Stocks Under $10.00
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE – Free Report).
Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.