Deere & Company (NYSE:DE) Stock Holdings Trimmed by L.M. Kohn & Company

L.M. Kohn & Company decreased its holdings in Deere & Company (NYSE:DE) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,084 shares of the industrial products company’s stock after selling 157 shares during the quarter. L.M. Kohn & Company’s holdings in Deere & Company were worth $978,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Orion Capital Management LLC acquired a new position in shares of Deere & Company during the 4th quarter valued at $34,000. Mascagni Wealth Management Inc. acquired a new stake in Deere & Company in the 4th quarter valued at about $39,000. Dogwood Wealth Management LLC bought a new position in shares of Deere & Company during the 4th quarter valued at about $42,000. Wood Tarver Financial Group LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $43,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $48,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DE. Baird R W lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Raymond James Financial increased their price objective on Deere & Company from $530.00 to $560.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their price objective on Deere & Company from $490.00 to $540.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. UBS Group cut their target price on Deere & Company from $462.00 to $440.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, Truist Financial increased their price target on Deere & Company from $546.00 to $619.00 and gave the company a “buy” rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $515.19.

Deere & Company Stock Performance

Shares of DE stock opened at $525.02 on Friday. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. The stock’s 50-day moving average is $493.91 and its two-hundred day moving average is $470.14. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89. The firm has a market cap of $142.19 billion, a P/E ratio of 25.40, a PEG ratio of 3.33 and a beta of 1.09.

Deere & Company (NYSE:DE) last announced its quarterly earnings results 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 analysts’ expectations of $10.80 billion. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The firm’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.53 EPS. Analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.62 per share. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.23%. Deere & Company’s dividend payout ratio (DPR) is 31.35%.

Deere & 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.