Deere & Company (NYSE:DE) Holdings Boosted by Csenge Advisory Group

Csenge Advisory Group grew its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 62.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,190 shares of the industrial products company's stock after purchasing an additional 1,610 shares during the period. Csenge Advisory Group's holdings in Deere & Company were worth $1,894,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. grew its stake in shares of Deere & Company by 2.4% in the first quarter. Sunbelt Securities Inc. now owns 925 shares of the industrial products company's stock worth $434,000 after acquiring an additional 22 shares during the last quarter. First Bancorp Inc ME raised its holdings in shares of Deere & Company by 4.7% in the first quarter. First Bancorp Inc ME now owns 509 shares of the industrial products company's stock valued at $239,000 after buying an additional 23 shares during the last quarter. World Equity Group Inc. raised its holdings in shares of Deere & Company by 4.5% in the first quarter. World Equity Group Inc. now owns 552 shares of the industrial products company's stock valued at $244,000 after buying an additional 24 shares during the last quarter. Coppell Advisory Solutions LLC raised its holdings in Deere & Company by 2.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company's stock worth $432,000 after purchasing an additional 25 shares during the last quarter. Finally, Glen Eagle Advisors LLC grew its position in shares of Deere & Company by 0.9% during the 4th quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company's stock worth $1,244,000 after buying an additional 25 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. BMO Capital Markets restated a "market perform" rating and issued a $460.00 price target (up previously from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. Raymond James Financial raised their price target on Deere & Company from $530.00 to $560.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen lowered Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. raised their price objective on Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of "Hold" and a consensus target price of $515.50.

Deere & Company Stock Performance

NYSE DE traded up $7.71 on Wednesday, hitting $513.40. 263,055 shares of the company's stock were exchanged, compared to its average volume of 1,338,358. 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's 50-day moving average price is $512.85 and its two-hundred day moving average price is $481.48. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. The firm has a market cap of $139.05 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 3.15 and a beta of 1.08.

Deere & Company (NYSE:DE - Get Free Report) last announced 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 return on equity of 24.39% and a net margin of 12.40%. The firm had revenue of $11.17 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the prior year, the firm earned $8.53 EPS. Deere & Company's quarterly revenue was down 17.9% on a year-over-year basis. On average, research analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

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 $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.26%. Deere & Company's dividend payout ratio (DPR) is 31.35%.

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.