Deere & Company $DE Stock Holdings Boosted by Markel Group Inc.

Markel Group Inc. boosted its position in Deere & Company (NYSE:DE) by 0.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 877,900 shares of the industrial products company’s stock after purchasing an additional 200 shares during the period. Deere & Company comprises approximately 3.8% of Markel Group Inc.’s portfolio, making the stock its 4th biggest holding. Markel Group Inc. owned 0.32% of Deere & Company worth $446,403,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Deere & Company during the first quarter worth $571,073,000. TD Asset Management Inc lifted its position in shares of Deere & Company by 132.0% during the second quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock worth $366,946,000 after acquiring an additional 410,636 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Deere & Company by 97.1% in the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after buying an additional 361,526 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Deere & Company by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock worth $3,227,258,000 after buying an additional 286,253 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Deere & Company by 23.4% in the first quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock worth $635,150,000 after buying an additional 256,806 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Deere & Company stock opened at $468.59 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The firm has a 50-day moving average of $469.21 and a 200-day moving average of $489.60. The firm has a market cap of $126.67 billion, a P/E ratio of 24.49, a P/E/G ratio of 3.08 and a beta of 1.02. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78.

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

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is 33.87%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Daiwa Capital Markets lowered their price objective on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research report on Thursday, September 25th. Citigroup lowered their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. UBS Group reissued a “buy” rating on shares of Deere & Company in a research note on Tuesday. Finally, Zacks Research cut Deere & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.72.

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.