Czech National Bank lifted its position in shares of Deere & Company (NYSE:DE - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,176 shares of the industrial products company's stock after acquiring an additional 3,006 shares during the period. Czech National Bank's holdings in Deere & Company were worth $27,305,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Pineridge Advisors LLC raised its position in shares of Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after buying an additional 26 shares in the last quarter. YANKCOM Partnership bought a new stake in Deere & Company in the fourth quarter worth about $34,000. Orion Capital Management LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $34,000. Synergy Asset Management LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $35,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Deere & Company in the 4th quarter valued at $39,000. 68.58% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. Evercore ISI increased their price target on Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a research report on Thursday, May 15th. Barclays increased their price target on Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Robert W. Baird increased their price target on Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Bank of America increased their price target on Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $515.19.
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Deere & Company Stock Performance
Shares of DE stock traded up $6.02 during trading on Tuesday, reaching $513.86. The company had a trading volume of 1,107,670 shares, compared to its average volume of 1,398,450. The firm's 50 day simple moving average is $476.02 and its two-hundred day simple moving average is $463.74. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a one year low of $340.20 and a one year high of $533.78. The company has a market capitalization of $139.47 billion, a PE ratio of 22.78, a PEG ratio of 2.14 and a beta of 1.08.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data 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. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the business earned $8.53 EPS. The firm's revenue was down 17.9% compared to the same quarter last year. Sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Dividend Announcement
The business also recently disclosed 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. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Monday, June 30th. Deere & Company's payout ratio is 31.35%.
Deere & Company Profile
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Free Report)
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.
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