Geo Capital Gestora de Recursos Ltd trimmed its holdings in Deere & Company (NYSE:DE - Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,951 shares of the industrial products company's stock after selling 1,187 shares during the period. Deere & Company comprises approximately 8.4% of Geo Capital Gestora de Recursos Ltd's holdings, making the stock its 2nd largest holding. Geo Capital Gestora de Recursos Ltd's holdings in Deere & Company were worth $6,079,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Deere & Company by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company's stock valued at $10,355,546,000 after purchasing an additional 185,671 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Deere & Company by 19.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock valued at $2,792,082,000 after purchasing an additional 1,095,736 shares in the last quarter. Northern Trust Corp raised its position in shares of Deere & Company by 12.8% in the 4th quarter. Northern Trust Corp now owns 2,915,729 shares of the industrial products company's stock valued at $1,235,394,000 after purchasing an additional 330,915 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Deere & Company by 2.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,780,742 shares of the industrial products company's stock valued at $754,500,000 after purchasing an additional 48,941 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Deere & Company by 61,215.9% in the 1st quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company's stock valued at $822,781,000 after purchasing an additional 1,750,163 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.
Deere & Company Stock Performance
Shares of DE stock traded up $8.3320 on Friday, hitting $495.0920. 1,133,367 shares of the stock traded hands, compared to its average volume of 1,461,202. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The company has a market capitalization of $134.09 billion, a PE ratio of 25.88, a PEG ratio of 3.11 and a beta of 1.06. Deere & Company has a 1-year low of $374.46 and a 1-year high of $533.78. The company's fifty day moving average is $508.58 and its 200 day moving average is $490.43.
Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the company earned $6.29 earnings per share. The firm's revenue for the quarter was down 9.0% on a year-over-year basis. On average, equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, June 30th were given a $1.62 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.3%. Deere & Company's dividend payout ratio (DPR) is currently 33.87%.
Wall Street Analyst Weigh In
DE has been the topic of a number of recent analyst reports. Melius raised Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Deere & Company in a research report on Thursday, May 15th. Raymond James Financial upped their price target on Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Citigroup dropped their price target on Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. Finally, Evercore ISI set a $491.00 price target on Deere & Company in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $523.87.
View Our Latest Report on DE
Deere & Company Profile
(
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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