Triglav Skladi D.O.O. acquired a new stake in Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,049 shares of the industrial products company's stock, valued at approximately $1,715,000.
Several other large investors have also bought and sold shares of the business. Compass Financial Services Inc bought a new stake in shares of Deere & Company during the fourth quarter worth about $254,000. Banque Pictet & Cie SA grew its holdings in shares of Deere & Company by 2.0% during the fourth quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock worth $33,165,000 after purchasing an additional 1,500 shares during the last quarter. Spectrum Financial Alliance Ltd LLC grew its holdings in shares of Deere & Company by 2.9% during the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock worth $21,021,000 after purchasing an additional 1,407 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Deere & Company during the fourth quarter worth about $847,000. Finally, BankPlus Trust Department bought a new stake in shares of Deere & Company during the fourth quarter worth about $1,127,000. 68.58% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Wall Street Zen upgraded Deere & Company from a "sell" rating to a "hold" rating in a report on Thursday. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Oppenheimer lifted their price objective on Deere & Company from $513.00 to $555.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Robert W. Baird lifted their price objective on Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, UBS Group cut their price objective on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $516.75.
Check Out Our Latest Stock Report on Deere & Company
Deere & Company Trading Down 1.1%
DE traded down $5.82 during trading on Friday, hitting $509.83. The company's stock had a trading volume of 850,750 shares, compared to its average volume of 1,410,310. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The stock's fifty day moving average price is $472.60 and its 200-day moving average price is $458.36. The firm has a market capitalization of $138.37 billion, a P/E ratio of 22.60, a PEG ratio of 2.14 and a beta of 1.08.
Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The company had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the firm earned $8.53 earnings per share. Deere & Company's revenue for the quarter was down 17.9% on a year-over-year basis. Analysts anticipate that Deere & Company will post 19.32 EPS for the current year.
Deere & Company Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.27%. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.
About Deere & Company
(
Free Report)
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.
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