JustInvest LLC boosted its holdings in Deere & Company (NYSE:DE) by 49.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,929 shares of the industrial products company’s stock after acquiring an additional 1,293 shares during the quarter. JustInvest LLC’s holdings in Deere & Company were worth $1,470,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. IHT Wealth Management LLC grew its stake in Deere & Company by 7.4% during the third quarter. IHT Wealth Management LLC now owns 2,772 shares of the industrial products company’s stock worth $614,000 after buying an additional 191 shares during the last quarter. Brinker Capital Investments LLC acquired a new stake in Deere & Company in the 3rd quarter worth about $347,000. Sei Investments Co. raised its stake in Deere & Company by 288.2% in the 3rd quarter. Sei Investments Co. now owns 100,262 shares of the industrial products company’s stock worth $22,219,000 after purchasing an additional 74,433 shares in the last quarter. Thomasville National Bank raised its stake in Deere & Company by 8.2% in the 4th quarter. Thomasville National Bank now owns 1,905 shares of the industrial products company’s stock worth $513,000 after purchasing an additional 144 shares in the last quarter. Finally, Integer Wealth Advisors Group LLC acquired a new stake in Deere & Company in the 4th quarter worth about $203,000. 66.77% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on DE. Wolfe Research began coverage on shares of Deere & Company in a report on Monday, April 19th. They set an “outperform” rating and a $425.00 price target on the stock. Argus lifted their target price on shares of Deere & Company from $280.00 to $380.00 and gave the stock a “buy” rating in a research report on Monday, March 1st. Barclays boosted their price target on shares of Deere & Company from $330.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 22nd. Citigroup boosted their price target on shares of Deere & Company from $325.00 to $375.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 10th. Finally, BMO Capital Markets boosted their target price on shares of Deere & Company from $300.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, January 25th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Deere & Company has a consensus rating of “Buy” and an average target price of $327.95.
Deere & Company stock traded down $0.28 during midday trading on Tuesday, reaching $373.49. The company’s stock had a trading volume of 14,901 shares, compared to its average volume of 1,723,536. The stock’s 50-day simple moving average is $374.56 and its 200-day simple moving average is $305.50. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.24 and a quick ratio of 2.03. Deere & Company has a 52-week low of $117.85 and a 52-week high of $392.42. The stock has a market capitalization of $117.07 billion, a P/E ratio of 42.96, a PEG ratio of 1.43 and a beta of 0.96.
Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 18th. The industrial products company reported $3.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.17 by $1.70. Deere & Company had a net margin of 7.74% and a return on equity of 22.17%. The firm had revenue of $8.05 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, equities research analysts expect that Deere & Company will post 13.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 10th. Stockholders of record on Wednesday, March 31st will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Tuesday, March 30th. This is a positive change from Deere & Company’s previous quarterly dividend of $0.76. Deere & Company’s payout ratio is currently 41.43%.
Deere & Company Company Profile
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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