442 Shares in Deere & Company (NYSE:DE) Acquired by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC acquired a new stake in Deere & Company (NYSE:DE) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 442 shares of the industrial products company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new position in shares of Deere & Company in the fourth quarter worth about $254,000. Banque Pictet & Cie SA raised its holdings in Deere & Company by 2.0% in the 4th quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company’s stock valued at $33,165,000 after acquiring an additional 1,500 shares during the last quarter. Spectrum Financial Alliance Ltd LLC lifted its stake in Deere & Company by 2.9% in the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company’s stock worth $21,021,000 after purchasing an additional 1,407 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $847,000. Finally, BankPlus Trust Department acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $1,127,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on DE shares. Evercore ISI increased their price target on Deere & Company from $455.00 to $493.00 and gave the company an “in-line” rating in a report on Monday, May 19th. Morgan Stanley raised their target price on Deere & Company from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 16th. Raymond James boosted their price target on shares of Deere & Company from $530.00 to $560.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. BMO Capital Markets reissued a “market perform” rating and issued a $460.00 price objective (up previously from $425.00) on shares of Deere & Company in a report on Wednesday, May 21st. Finally, Melius Research upgraded shares of Deere & Company from a “hold” rating to a “strong-buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Deere & Company presently has an average rating of “Hold” and a consensus target price of $515.19.

Deere & Company Stock Performance

NYSE:DE opened at $519.62 on Friday. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The company has a 50 day moving average price of $479.20 and a 200 day moving average price of $466.37. The stock has a market capitalization of $140.73 billion, a P/E ratio of 23.03, a PEG ratio of 2.14 and a beta of 1.09.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the business posted $8.53 earnings per share. The company’s quarterly revenue was down 17.9% on a year-over-year basis. Equities research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, June 30th. Deere & Company’s dividend payout ratio (DPR) is 31.35%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.