DekaBank Deutsche Girozentrale grew its stake in shares of Deere & Company (NYSE:DE) by 29.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,494 shares of the industrial products company’s stock after buying an additional 27,064 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Deere & Company were worth $31,176,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in DE. Klaas Financial Asset Advisors LLC bought a new position in shares of Deere & Company during the fourth quarter valued at about $26,000. Grant Street Asset Management Inc. bought a new position in shares of Deere & Company during the fourth quarter valued at about $27,000. Leelyn Smith LLC grew its stake in shares of Deere & Company by 2,500.0% during the fourth quarter. Leelyn Smith LLC now owns 104 shares of the industrial products company’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. Syverson Strege & Co bought a new position in shares of Deere & Company during the fourth quarter valued at about $28,000. Finally, Clearview Wealth Advisors LLC bought a new position in shares of Deere & Company during the fourth quarter valued at about $32,000. 66.77% of the stock is currently owned by hedge funds and other institutional investors.
Deere & Company stock opened at $374.79 on Thursday. The company has a current ratio of 2.24, a quick ratio of 2.03 and a debt-to-equity ratio of 2.53. The business’s fifty day simple moving average is $357.42 and its two-hundred day simple moving average is $285.84. Deere & Company has a 12 month low of $117.85 and a 12 month high of $392.42. The company has a market capitalization of $117.47 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96.
Deere & Company (NYSE:DE) last released its earnings results on Thursday, February 18th. The industrial products company reported $3.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $1.70. Deere & Company had a return on equity of 22.17% and a net margin of 7.74%. The business had revenue of $8.05 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, equities research analysts predict that Deere & Company will post 13.09 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 10th. Shareholders of record on Wednesday, March 31st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.96%. This is an increase from Deere & Company’s previous quarterly dividend of $0.76. The ex-dividend date is Tuesday, March 30th. Deere & Company’s payout ratio is 41.43%.
DE has been the subject of a number of analyst reports. Barclays increased their target price on shares of Deere & Company from $330.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 22nd. Jefferies Financial Group increased their target price on shares of Deere & Company from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, January 15th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Deere & Company from $287.00 to $360.00 and gave the stock a “hold” rating in a report on Monday, March 1st. Argus increased their target price on shares of Deere & Company from $280.00 to $380.00 and gave the stock a “buy” rating in a report on Monday, March 1st. Finally, Morgan Stanley increased their target price on shares of Deere & Company from $341.00 to $394.00 and gave the stock an “overweight” rating in a report on Thursday, February 25th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Deere & Company currently has an average rating of “Buy” and an average price target of $320.20.
About Deere & Company
Deere & Company, together with its subsidiaries, 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 provides various agriculture and turf equipment, and related service 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; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.
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