Deere & Company $DE Shares Sold by Bank OZK

Bank OZK reduced its stake in Deere & Company (NYSE:DE) by 13.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 828 shares of the industrial products company’s stock after selling 129 shares during the quarter. Bank OZK’s holdings in Deere & Company were worth $389,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hughes Financial Services LLC acquired a new position in shares of Deere & Company in the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC lifted its holdings in shares of Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 36 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $34,000. Mascagni Wealth Management Inc. acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $39,000. Finally, Dogwood Wealth Management LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $42,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Up 0.4%

NYSE DE opened at $490.83 on Tuesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The firm’s fifty day moving average price is $510.56 and its 200 day moving average price is $490.14. The company has a market capitalization of $132.93 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 3.10 and a beta of 1.06. Deere & Company has a 12 month low of $371.76 and a 12 month high of $533.78.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company’s revenue was down 9.0% on a year-over-year basis. During the same period last year, the firm posted $6.29 EPS. On average, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, June 30th were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 30th. Deere & Company’s dividend payout ratio (DPR) is 33.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup reduced their target price 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. Bank of America increased their target price on shares of Deere & Company from $495.00 to $556.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Melius upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Oppenheimer increased their target price on shares of Deere & Company from $560.00 to $566.00 and gave the stock an “outperform” rating in a report on Friday. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $460.00 target price (up from $425.00) on shares of Deere & Company in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Deere & Company has an average rating of “Hold” and an average target price of $524.00.

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.