Caption Management LLC Takes $751,000 Position in Deere & Company $DE

Key Points

• Caption Management LLC acquired 1,600 shares of Deere & Company valued at approximately $751,000, as reported in a recent SEC filing.
• Deere & Company reported a quarterly earnings of $4.75 per share, beating expectations, though revenue decreased by 9% compared to the previous year.
• The company announced a quarterly dividend of $1.62 per share, which will be paid on November 10, reflecting an annualized yield of 1.4%.

Caption Management LLC acquired a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,600 shares of the industrial products company's stock, valued at approximately $751,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Deere & Company by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company's stock valued at $10,355,546,000 after buying an additional 185,671 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Deere & Company by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company's stock valued at $3,227,258,000 after buying an additional 286,253 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Deere & Company by 2.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,780,742 shares of the industrial products company's stock valued at $754,500,000 after buying an additional 48,941 shares in the last quarter. GAMMA Investing LLC boosted its stake in Deere & Company by 61,215.9% in the 1st quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company's stock valued at $822,781,000 after buying an additional 1,750,163 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Deere & Company by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,549,048 shares of the industrial products company's stock valued at $727,046,000 after buying an additional 25,725 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Trading Down 1.6%

Shares of DE traded down $7.74 during trading hours on Wednesday, hitting $469.04. 1,436,032 shares of the stock traded hands, compared to its average volume of 1,397,712. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a 1-year low of $378.66 and a 1-year high of $533.78. The firm has a market capitalization of $126.80 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 3.07 and a beta of 1.00. The business has a fifty day moving average of $502.81 and a 200-day moving average of $491.11.

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

Deere & Company Dividend Announcement

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

Analyst Upgrades and Downgrades

DE has been the topic of several recent analyst reports. DA Davidson decreased their price target on Deere & Company from $595.00 to $580.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Evercore ISI set a $491.00 price objective on Deere & Company in a research note on Tuesday, August 19th. JPMorgan Chase & Co. reduced their price objective on Deere & Company from $500.00 to $495.00 and set a "neutral" rating on the stock in a research note on Tuesday. BMO Capital Markets reissued a "market perform" rating and issued a $460.00 price objective (up previously from $425.00) on shares of Deere & Company in a research note on Wednesday, May 21st. Finally, Bank of America boosted their price objective on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Deere & Company has an average rating of "Moderate Buy" and an average price target of $520.87.

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.