Geneva Partners LLC bought a new position in Deere & Company (NYSE:DE - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 555 shares of the industrial products company's stock, valued at approximately $260,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Capital Management Associates Inc boosted its holdings in shares of Deere & Company by 100.1% in the 1st quarter. Capital Management Associates Inc now owns 3,798 shares of the industrial products company's stock worth $1,782,000 after purchasing an additional 1,900 shares in the last quarter. Interchange Capital Partners LLC purchased a new stake in Deere & Company in the first quarter worth approximately $225,000. U.S. Capital Wealth Advisors LLC boosted its stake in Deere & Company by 3.5% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,409 shares of the industrial products company's stock worth $1,131,000 after buying an additional 81 shares in the last quarter. Raleigh Capital Management Inc. grew its position in Deere & Company by 206.2% during the first quarter. Raleigh Capital Management Inc. now owns 640 shares of the industrial products company's stock valued at $300,000 after acquiring an additional 431 shares during the last quarter. Finally, Callan Capital LLC raised its stake in shares of Deere & Company by 8.3% during the first quarter. Callan Capital LLC now owns 770 shares of the industrial products company's stock worth $361,000 after acquiring an additional 59 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Oppenheimer upped their price objective on shares of Deere & Company from $513.00 to $555.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. BMO Capital Markets reaffirmed a "market perform" rating and set a $460.00 price objective (up from $425.00) on shares of Deere & Company in a research note on Wednesday, May 21st. Wall Street Zen downgraded Deere & Company from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Barclays increased their target price on Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Evercore ISI lifted their price target on Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $515.19.
View Our Latest Report on DE
Deere & Company Trading Down 1.4%
Shares of NYSE:DE traded down $7.03 on Friday, hitting $512.17. The company had a trading volume of 1,046,929 shares, compared to its average volume of 1,346,332. The firm's 50-day simple moving average is $510.73 and its two-hundred day simple moving average is $478.07. The firm has a market capitalization of $138.71 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 3.29 and a beta of 1.08. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. Deere & Company has a 1 year low of $340.20 and a 1 year high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. The business had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. Deere & Company's quarterly revenue was down 17.9% compared to the same quarter last year. During the same period last year, the business posted $8.53 earnings per share. Equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.27%. Deere & Company's dividend payout ratio 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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