Rockefeller Capital Management L.P. grew its position in Deere & Company (NYSE:DE) by 844.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,020 shares of the industrial products company’s stock after acquiring an additional 912 shares during the period. Rockefeller Capital Management L.P.’s holdings in Deere & Company were worth $163,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of DE. Whittier Trust Co. grew its holdings in Deere & Company by 0.3% during the 4th quarter. Whittier Trust Co. now owns 24,423 shares of the industrial products company’s stock worth $3,643,000 after acquiring an additional 62 shares during the period. Sowell Financial Services LLC grew its holdings in Deere & Company by 2.2% during the 4th quarter. Sowell Financial Services LLC now owns 3,060 shares of the industrial products company’s stock worth $457,000 after acquiring an additional 66 shares during the period. First Manhattan Co. grew its holdings in Deere & Company by 4.2% during the 1st quarter. First Manhattan Co. now owns 1,699 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 68 shares during the period. Enterprise Financial Services Corp grew its holdings in Deere & Company by 2.5% during the 1st quarter. Enterprise Financial Services Corp now owns 2,838 shares of the industrial products company’s stock worth $454,000 after acquiring an additional 68 shares during the period. Finally, Penserra Capital Management LLC grew its holdings in Deere & Company by 12.2% during the 1st quarter. Penserra Capital Management LLC now owns 646 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 70 shares during the period. Institutional investors own 68.10% of the company’s stock.
Shares of NYSE:DE opened at $151.53 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 2.37. Deere & Company has a one year low of $128.32 and a one year high of $169.99. The stock has a market cap of $47.17 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02.
Deere & Company (NYSE:DE) last issued its quarterly earnings results on Friday, May 17th. The industrial products company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.57 by ($0.05). Deere & Company had a return on equity of 28.76% and a net margin of 8.52%. The business had revenue of $10.27 billion for the quarter, compared to the consensus estimate of $10.19 billion. During the same period last year, the firm earned $3.14 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Deere & Company will post 10.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, June 28th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $3.04 annualized dividend and a yield of 2.01%. Deere & Company’s dividend payout ratio (DPR) is presently 32.37%.
A number of analysts have commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $175.00 target price (down previously from $195.00) on shares of Deere & Company in a report on Monday, May 27th. UBS Group lowered their target price on shares of Deere & Company from $177.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Macquarie set a $132.00 target price on shares of Deere & Company and gave the stock a “hold” rating in a report on Monday, May 20th. Robert W. Baird set a $129.00 target price on shares of Deere & Company and gave the stock a “hold” rating in a report on Monday, May 20th. Finally, Stifel Nicolaus decreased their price target on shares of Deere & Company from $180.00 to $171.00 and set a “buy” rating for the company in a report on Monday, May 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Deere & Company presently has an average rating of “Hold” and a consensus target price of $162.29.
Deere & Company Profile
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
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