South Dakota Investment Council trimmed its holdings in Deere & Company (NYSE:DE – Free Report) by 11.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,101 shares of the industrial products company’s stock after selling 3,239 shares during the quarter. South Dakota Investment Council’s holdings in Deere & Company were worth $14,703,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. IFS Group LLC bought a new stake in Deere & Company in the 1st quarter valued at $315,000. Claris Financial LLC acquired a new position in shares of Deere & Company during the first quarter valued at about $233,000. Amundi lifted its stake in shares of Deere & Company by 18.2% in the first quarter. Amundi now owns 970,693 shares of the industrial products company’s stock valued at $546,792,000 after buying an additional 149,224 shares during the period. EverSource Wealth Advisors LLC grew its position in Deere & Company by 9.7% during the first quarter. EverSource Wealth Advisors LLC now owns 8,882 shares of the industrial products company’s stock worth $5,003,000 after buying an additional 784 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Deere & Company by 9.2% during the first quarter. Royal Bank of Canada now owns 1,262,146 shares of the industrial products company’s stock worth $710,969,000 after buying an additional 106,349 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.
Deere & Company Stock Performance
NYSE:DE opened at $611.20 on Thursday. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $164.99 billion, a PE ratio of 34.63, a price-to-earnings-growth ratio of 2.70 and a beta of 0.89. The firm has a 50-day moving average price of $588.92 and a 200 day moving average price of $579.78.
Deere & Company Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s dividend payout ratio is 36.71%.
Analyst Ratings Changes
Several research firms have commented on DE. Citigroup upped their price target on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Raymond James Financial decreased their price objective on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. JPMorgan Chase & Co. boosted their price objective on Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. DA Davidson restated a “buy” rating and issued a $685.00 target price on shares of Deere & Company in a research note on Friday, July 17th. Finally, Jefferies Financial Group raised Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 target price for the company in a research report on Wednesday, April 8th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and an average target price of $642.98.
Get Our Latest Stock Analysis on Deere & Company
About Deere & Company
Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.
The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.
Featured Stories
- Five stocks we like better than Deere & Company
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE – Free Report).
Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.
