Bartlett & CO. Wealth Management LLC lessened its holdings in Deere & Company (NYSE:DE - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,226 shares of the industrial products company's stock after selling 6,527 shares during the period. Deere & Company accounts for about 1.4% of Bartlett & CO. Wealth Management LLC's investment portfolio, making the stock its 20th biggest holding. Bartlett & CO. Wealth Management LLC owned approximately 0.07% of Deere & Company worth $92,887,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Orion Capital Management LLC acquired a new position in shares of Deere & Company during the fourth quarter worth approximately $34,000. Mascagni Wealth Management Inc. bought a new position in Deere & Company during the fourth quarter worth $39,000. Dogwood Wealth Management LLC acquired a new position in Deere & Company during the 4th quarter valued at $42,000. Wood Tarver Financial Group LLC bought a new stake in Deere & Company in the 4th quarter valued at $43,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Deere & Company in the 4th quarter valued at $48,000. 68.58% of the stock is currently owned by institutional investors.
Deere & Company Price Performance
Shares of NYSE:DE opened at $508.34 on Friday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The stock's 50 day moving average is $499.31 and its 200-day moving average is $472.26. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $137.67 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 3.21 and a beta of 1.09.
Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The company had revenue of $11.17 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the previous year, the firm earned $8.53 earnings per share. Deere & Company's quarterly revenue was down 17.9% on a year-over-year basis. Sell-side analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.
Deere & Company Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be given a dividend of $1.62 per share. The ex-dividend date is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.27%. Deere & Company's dividend payout ratio is presently 31.35%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on DE shares. Wall Street Zen lowered Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Melius raised shares of Deere & Company from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Robert W. Baird lifted their target price on shares of Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Argus set a $510.00 price target on shares of Deere & Company in a research report on Friday, March 7th. Finally, Morgan Stanley lifted their price objective on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $515.19.
Check Out Our Latest Stock Report on DE
Deere & Company Company Profile
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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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