Compagnie Lombard Odier SCmA Cuts Stake in Deere & Company (NYSE:DE)

Compagnie Lombard Odier SCmA lessened its stake in Deere & Company (NYSE:DE - Free Report) by 5.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,054 shares of the industrial products company's stock after selling 941 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Deere & Company were worth $8,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fort Washington Investment Advisors Inc. OH grew its stake in Deere & Company by 571.0% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 67,629 shares of the industrial products company's stock valued at $31,742,000 after acquiring an additional 57,550 shares during the period. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of Deere & Company by 1.3% during the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 34,361 shares of the industrial products company's stock worth $16,127,000 after buying an additional 432 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in shares of Deere & Company by 12.1% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 11,327 shares of the industrial products company's stock worth $5,316,000 after buying an additional 1,224 shares in the last quarter. Greenwood Capital Associates LLC bought a new position in shares of Deere & Company during the first quarter worth about $3,590,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of Deere & Company by 16.9% during the first quarter. GPS Wealth Strategies Group LLC now owns 208 shares of the industrial products company's stock worth $97,000 after buying an additional 30 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Down 1.5%

Shares of DE traded down $7.88 during mid-day trading on Friday, reaching $508.98. The company had a trading volume of 550,435 shares, compared to its average volume of 1,394,842. The company has a market capitalization of $137.85 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The firm has a 50-day moving average price of $485.29 and a 200 day moving average price of $468.18.

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 for the quarter, beating analysts' consensus estimates 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 12.94% and a return on equity of 27.31%. The company's quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $8.53 EPS. On average, sell-side analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend 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 Analysts Forecast Growth

Several research analysts recently commented on DE shares. JPMorgan Chase & Co. increased their price target on Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Melius Research raised Deere & Company from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 6th. Wall Street Zen lowered Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Barclays increased their target price on Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, Evercore ISI raised their price objective 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $515.19.

Deere & Company 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.