Credit Agricole S A Boosts Stock Position in Deere & Company $DE

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Credit Agricole S A raised its position in shares of Deere & Company (NYSE:DE - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,688 shares of the industrial products company's stock after purchasing an additional 1,625 shares during the quarter. Credit Agricole S A's holdings in Deere & Company were worth $60,400,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Deere & Company by 9.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 29,355 shares of the industrial products company's stock valued at $13,799,000 after purchasing an additional 2,447 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in Deere & Company by 32.1% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 105,313 shares of the industrial products company's stock valued at $49,429,000 after purchasing an additional 25,582 shares during the last quarter. Berkshire Asset Management LLC PA grew its stake in Deere & Company by 1.2% during the 1st quarter. Berkshire Asset Management LLC PA now owns 71,516 shares of the industrial products company's stock valued at $35,042,000 after purchasing an additional 875 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Deere & Company by 10.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 24,899 shares of the industrial products company's stock valued at $11,686,000 after purchasing an additional 2,368 shares during the last quarter. Finally, Legacy Financial Advisors Inc. grew its stake in Deere & Company by 5.6% during the 1st quarter. Legacy Financial Advisors Inc. now owns 1,730 shares of the industrial products company's stock valued at $812,000 after purchasing an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Price Performance

DE traded up $8.3320 during midday trading on Friday, hitting $495.0920. 1,133,367 shares of the company traded hands, compared to its average volume of 1,363,905. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $134.09 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 3.15 and a beta of 1.06. Deere & Company has a 52-week low of $374.46 and a 52-week high of $533.78. The business has a 50 day simple moving average of $508.86 and a two-hundred day simple moving average of $490.28.

Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $4.62 by $0.13. The business had revenue of $10.36 billion during the quarter, compared to analysts' expectations of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company's quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.29 earnings per share. On average, equities analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, June 30th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is 33.87%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DE. Evercore ISI set a $491.00 price target on Deere & Company in a research note on Tuesday. Melius upgraded Deere & Company from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. upped their target price on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Citigroup lowered their target price on Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a research note on Friday, May 30th. Finally, Melius Research upgraded Deere & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $523.87.

About Deere & Company

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.