Apella Capital LLC boosted its position in shares of Deere & Company (NYSE:DE - Free Report) by 151.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,561 shares of the industrial products company's stock after purchasing an additional 3,349 shares during the quarter. Apella Capital LLC's holdings in Deere & Company were worth $2,517,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Deere & Company in the 4th quarter valued at approximately $1,244,094,000. GAMMA Investing LLC lifted its stake in Deere & Company by 61,215.9% in the first 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. Castlekeep Investment Advisors LLC bought a new position in Deere & Company in the fourth quarter valued at approximately $541,437,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Deere & Company by 19.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock valued at $2,792,082,000 after buying an additional 1,095,736 shares during the period. Finally, FMR LLC increased its position in shares of Deere & Company by 22.9% during the fourth quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock worth $2,364,843,000 after acquiring an additional 1,039,395 shares in the last quarter. Institutional investors own 68.58% of the company's stock.
Deere & Company Stock Performance
DE stock traded up $2.79 during trading hours on Thursday, reaching $510.57. The stock had a trading volume of 1,125,908 shares, compared to its average volume of 1,396,025. The stock has a 50-day simple moving average of $477.57 and a 200 day simple moving average of $464.39. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. The stock has a market capitalization of $138.58 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98.
Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. The business had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Deere & Company's quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter last year, the company posted $8.53 earnings per share. Analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.
Deere & Company Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. UBS Group cut their price objective on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Bank of America lifted their price target on Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen cut Deere & Company from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Citigroup decreased their price objective on Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a report on Friday, May 30th. Finally, DA Davidson restated a "buy" rating and issued a $542.00 target price on shares of Deere & Company in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $515.19.
Read Our Latest Analysis on Deere & Company
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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