Capital Group Investment Management PTE. LTD. increased its position in Deere & Company (NYSE:DE - Free Report) by 260.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,668 shares of the industrial products company's stock after purchasing an additional 6,266 shares during the quarter. Capital Group Investment Management PTE. LTD.'s holdings in Deere & Company were worth $4,036,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Modus Advisors LLC bought a new stake in shares of Deere & Company during the 4th quarter worth about $190,000. XML Financial LLC boosted its holdings in shares of Deere & Company by 19.0% during the fourth quarter. XML Financial LLC now owns 865 shares of the industrial products company's stock worth $403,000 after acquiring an additional 138 shares during the period. Nemes Rush Group LLC grew its position in shares of Deere & Company by 11.0% in the fourth quarter. Nemes Rush Group LLC now owns 262 shares of the industrial products company's stock valued at $122,000 after purchasing an additional 26 shares during the last quarter. Vestcor Inc grew its position in shares of Deere & Company by 4.1% in the fourth quarter. Vestcor Inc now owns 5,201 shares of the industrial products company's stock valued at $2,421,000 after purchasing an additional 206 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its holdings in Deere & Company by 58.9% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 4,785 shares of the industrial products company's stock valued at $2,228,000 after buying an additional 1,774 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Deere & Company from an "underperform" rating to a "hold" rating and set a $550.00 target price for the company in a research report on Wednesday, April 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $752.00 price target on shares of Deere & Company in a research report on Monday, June 1st. Wells Fargo & Company upped their target price on Deere & Company from $543.00 to $750.00 and gave the company an "overweight" rating in a research report on Friday, February 20th. Raymond James Financial reduced their target price on Deere & Company from $765.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday, May 22nd. Finally, Citigroup decreased their price target on Deere & Company from $625.00 to $595.00 and set a "neutral" rating on the stock in a research report on Friday, May 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $639.58.
Get Our Latest Report on DE
Deere & Company Stock Down 1.3%
DE stock opened at $583.80 on Friday. The stock has a market capitalization of $157.59 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 2.16 and a beta of 0.92. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19. The firm has a 50-day moving average price of $572.86 and a 200-day moving average price of $545.60.
Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping analysts' consensus estimates of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $13.37 billion during the quarter, compared to analysts' expectations of $11.55 billion. During the same quarter in the prior year, the business earned $6.64 earnings per share. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Deere & Company will post 18.08 EPS for the current fiscal year.
Deere & Company Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company's dividend payout ratio is currently 36.71%.
Deere & Company Profile
(
Free Report)
Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.
The company's principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.
Featured Articles
Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Deere & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.
While Deere & Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
