Banque Transatlantique SA Has $21.35 Million Stock Holdings in Deere & Company $DE

Key Points

• Banque Transatlantique SA has reduced its stake in Deere & Company by 48.8%, now holding 49,219 shares valued at $21.35 million after selling 46,886 shares in the first quarter.
• Deere & Company recently reported earnings per share of $4.75 for the quarter, exceeding analysts' expectations, despite a 9% revenue decline compared to the previous year.
• The company announced a quarterly dividend payment of $1.62 per share, representing a 1.4% yield on an annualized basis, with the ex-dividend date set for September 30th.

Banque Transatlantique SA cut its stake in Deere & Company (NYSE:DE - Free Report) by 48.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,219 shares of the industrial products company's stock after selling 46,886 shares during the period. Banque Transatlantique SA's holdings in Deere & Company were worth $21,348,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Activest Wealth Management grew its position in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company's stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Hughes Financial Services LLC bought a new stake in Deere & Company during the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC grew 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 worth $31,000 after acquiring an additional 36 shares during the last quarter. Orion Capital Management LLC bought a new stake in Deere & Company during the 4th quarter worth approximately $34,000. Finally, Mascagni Wealth Management Inc. bought a new stake in Deere & Company during the 4th quarter worth approximately $39,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Down 0.5%

Shares of DE stock traded down $2.16 during trading hours on Friday, reaching $472.74. The company had a trading volume of 1,262,378 shares, compared to its average volume of 1,480,224. The company has a 50 day moving average of $501.32 and a 200 day moving average of $490.75. 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 firm has a market cap of $127.80 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 3.04 and a beta of 1.00. Deere & Company has a 1-year low of $378.66 and a 1-year high of $533.78.

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

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company's dividend payout ratio (DPR) is presently 33.87%.

Analysts Set New Price Targets

A number of brokerages have commented on DE. DA Davidson decreased their price objective on Deere & Company from $595.00 to $580.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. JPMorgan Chase & Co. decreased their price objective on Deere & Company from $500.00 to $495.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. Melius Research upgraded Deere & Company from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 6th. Bank of America increased their price objective on Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Oppenheimer increased their price objective on Deere & Company from $560.00 to $566.00 and gave the company an "outperform" rating in a research report on Friday, August 15th. One 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $520.87.

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.