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Banco Bilbao Vizcaya Argentaria S.A. Boosts Stock Position in Deere & Company $DE

Deere & Company logo with Industrials background

Key Points

  • Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Deere & Company by 9.1% during the first quarter, now owning 29,355 shares valued at approximately $13.8 million.
  • In the latest quarterly earnings report, Deere & Company reported an EPS of $4.75, beating expectations, despite a 9% year-over-year revenue decline.
  • Institutional investors collectively hold 68.58% of Deere's stock, indicating strong confidence in the company's long-term performance.
  • Need better tools to track Deere & Company? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Deere & Company (NYSE:DE - Free Report) by 9.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,355 shares of the industrial products company's stock after purchasing an additional 2,447 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Deere & Company were worth $13,799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DE. Hughes Financial Services LLC bought a new stake in Deere & Company during the 1st quarter valued at $29,000. Cornerstone Planning Group LLC raised its position in Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 36 shares in the last quarter. Orion Capital Management LLC bought a new stake in Deere & Company during the 4th quarter valued at $34,000. Mascagni Wealth Management Inc. bought a new stake in Deere & Company during the 4th quarter valued at $39,000. Finally, Dogwood Wealth Management LLC bought a new stake in Deere & Company during the 4th quarter valued at $42,000. 68.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DE. BMO Capital Markets reaffirmed a "market perform" rating and set a $460.00 target price (up from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. Raymond James Financial lifted their target price on Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. DA Davidson reduced their price target on Deere & Company from $595.00 to $580.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Evercore ISI set a $491.00 price objective on Deere & Company in a research note on Tuesday. Finally, Bank of America upped their price objective on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Deere & Company has a consensus rating of "Moderate Buy" and a consensus price target of $523.87.

Get Our Latest Stock Analysis on Deere & Company

Deere & Company Stock Up 1.7%

NYSE:DE traded up $8.3320 during mid-day trading on Friday, hitting $495.0920. 1,133,367 shares of the company's stock traded hands, compared to its average volume of 1,461,202. The company has a fifty day moving average of $508.58 and a 200 day moving average of $490.43. Deere & Company has a twelve month low of $374.46 and a twelve month high of $533.78. The company has a market capitalization of $134.09 billion, a P/E ratio of 25.88, a P/E/G ratio of 3.11 and a beta of 1.06. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the company posted $6.29 EPS. The firm's quarterly revenue was down 9.0% compared to the same quarter last year. On average, analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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

Deere & Company 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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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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