Tableaux LLC lessened its position in Deere & Company (NYSE:DE – Free Report) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,477 shares of the industrial products company’s stock after selling 1,477 shares during the quarter. Tableaux LLC’s holdings in Deere & Company were worth $688,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Advocates LLC bought a new position in Deere & Company during the 3rd quarter valued at approximately $25,000. Key Capital Management INC bought a new position in Deere & Company during the 4th quarter valued at approximately $27,000. Timmons Wealth Management LLC bought a new position in Deere & Company during the 4th quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new position in Deere & Company during the 4th quarter valued at approximately $30,000. Finally, Wealth Watch Advisors INC bought a new position in Deere & Company during the 3rd quarter valued at approximately $32,000. Institutional investors own 68.58% of the company’s stock.
Deere & Company Stock Performance
Shares of DE opened at $577.05 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The firm has a market capitalization of $155.77 billion, a P/E ratio of 32.69, a PEG ratio of 2.14 and a beta of 0.92. The business has a fifty day moving average of $573.27 and a 200 day moving average of $549.31.
Deere & Company Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s payout ratio is presently 36.71%.
Analyst Ratings Changes
DE has been the subject of a number of analyst reports. Argus raised their price objective on Deere & Company from $540.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. BMO Capital Markets raised their price objective on Deere & Company from $460.00 to $500.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Oppenheimer reaffirmed an “outperform” rating and set a $680.00 price objective (down from $715.00) on shares of Deere & Company in a research report on Wednesday, May 27th. JPMorgan Chase & Co. raised 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. Finally, Robert W. Baird reduced their price objective on Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $639.58.
Read Our Latest Analysis on DE
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.
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