Vontobel Holding Ltd. Decreases Position in Deere & Company $DE

Vontobel Holding Ltd. lessened its holdings in shares of Deere & Company (NYSE:DE) by 18.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,937 shares of the industrial products company’s stock after selling 18,722 shares during the period. Vontobel Holding Ltd.’s holdings in Deere & Company were worth $43,190,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Southland Equity Partners LLC boosted its holdings in shares of Deere & Company by 3.9% in the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock valued at $271,000 after buying an additional 20 shares during the period. Chicago Partners Investment Group LLC raised its holdings in shares of Deere & Company by 1.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after purchasing an additional 21 shares in the last quarter. Tyler Stone Wealth Management raised its holdings in shares of Deere & Company by 1.7% in the 1st quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 21 shares in the last quarter. McLean Asset Management Corp raised its holdings in shares of Deere & Company by 4.0% in the 2nd quarter. McLean Asset Management Corp now owns 544 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 21 shares in the last quarter. Finally, Trilogy Capital Inc. increased its position in shares of Deere & Company by 1.3% in the second quarter. Trilogy Capital Inc. now owns 1,692 shares of the industrial products company’s stock worth $860,000 after acquiring an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. DA Davidson decreased their price objective on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday. Finally, Daiwa Capital Markets cut their target price on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and a consensus price target of $518.59.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $461.06 on Thursday. The company has a market capitalization of $124.64 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 2.97 and a beta of 1.02. The firm’s 50 day simple moving average is $481.60 and its 200 day simple moving average is $488.75. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The business 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%. Deere & Company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the company posted $6.29 EPS. As a group, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is 33.87%.

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.