Deere & Company (NYSE:DE) Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its stake in Deere & Company (NYSE:DE - Free Report) by 8.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 24,304 shares of the industrial products company's stock after purchasing an additional 1,897 shares during the period. Carnegie Investment Counsel's holdings in Deere & Company were worth $10,395,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its position in Deere & Company by 58.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company's stock valued at $6,395,000 after buying an additional 5,053 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Deere & Company by 10.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company's stock valued at $3,863,000 after buying an additional 798 shares during the period. Stenger Family Office LLC purchased a new position in Deere & Company in the 4th quarter valued at approximately $3,144,000. Stratos Investment Management LLC purchased a new position in Deere & Company in the 1st quarter valued at approximately $271,000. Finally, Telos Capital Management Inc. boosted its position in Deere & Company by 28.2% in the 1st quarter. Telos Capital Management Inc. now owns 3,391 shares of the industrial products company's stock valued at $1,592,000 after buying an additional 746 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Melius raised shares of Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Barclays boosted their price target on shares of Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Citigroup reduced their price target on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a research report on Friday, May 30th. Finally, Oppenheimer set a $560.00 price target on shares of Deere & Company and gave the company an "outperform" rating in a research report on Tuesday, July 15th. One 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's stock. According to MarketBeat.com, Deere & Company has a consensus rating of "Hold" and a consensus target price of $515.50.

Deere & Company Trading Up 0.6%

NYSE:DE traded up $2.92 during trading hours on Friday, reaching $517.58. 858,413 shares of the company were exchanged, compared to its average volume of 1,107,224. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89. The firm has a market cap of $140.18 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 3.26 and a beta of 1.08. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The stock has a 50 day simple moving average of $513.03 and a 200 day simple moving average of $483.78.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The business had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the firm posted $8.53 EPS. The business's revenue for the quarter was down 17.9% compared to the same quarter last year. As a group, analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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 paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is 31.35%.

Deere & Company Profile

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.