Compagnie Lombard Odier SCmA Sells 941 Shares of Deere & Company (NYSE:DE)

Compagnie Lombard Odier SCmA cut its holdings in Deere & Company (NYSE:DE) by 5.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,054 shares of the industrial products company’s stock after selling 941 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Deere & Company were worth $8,004,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after buying an additional 1,278 shares during the last quarter. Soltis Investment Advisors LLC grew its position in Deere & Company by 26.7% during the fourth quarter. Soltis Investment Advisors LLC now owns 726 shares of the industrial products company’s stock valued at $308,000 after buying an additional 153 shares during the period. Stonebridge Financial Group LLC bought a new position in Deere & Company in the fourth quarter worth approximately $142,000. Sovran Advisors LLC bought a new position in Deere & Company in the fourth quarter worth approximately $361,000. Finally, Quent Capital LLC grew its position in shares of Deere & Company by 2.8% during the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company’s stock valued at $377,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DE shares. Bank of America lifted their target price on Deere & Company from $495.00 to $556.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Argus set a $510.00 price objective on Deere & Company in a research report on Friday, March 7th. Robert W. Baird boosted their price objective on Deere & Company from $501.00 to $514.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Oppenheimer raised their target price on shares of Deere & Company from $513.00 to $555.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Finally, Citigroup lowered their price target on shares of Deere & Company from $550.00 to $525.00 and set a “neutral” rating on the stock in a report on Friday, May 30th. One equities 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $515.19.

Deere & Company Stock Performance

DE opened at $520.72 on Thursday. The stock has a market capitalization of $141.03 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 2.14 and a beta of 1.09. The company has a fifty day moving average of $483.40 and a 200 day moving average of $467.81. 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.

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

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Monday, June 30th. Deere & Company’s payout ratio is presently 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.