Deere & Company $DE Stock Holdings Lessened by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Deere & Company by 39.1% in Q1, now holding 19,876 shares valued at approximately $9.33 million.
• Analysts have varying target prices for Deere, with Barclays raising its target from $475 to $530, while the consensus average target price stands at $520.87.
• Deere & Company announced a quarterly dividend of $1.62 per share, which will be paid on November 10th, representing an annualized yield of 1.4%.

Edmond DE Rothschild Holding S.A. reduced its position in shares of Deere & Company (NYSE:DE - Free Report) by 39.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,876 shares of the industrial products company's stock after selling 12,758 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Deere & Company were worth $9,329,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bosun Asset Management LLC raised its holdings in Deere & Company by 1.9% in the first quarter. Bosun Asset Management LLC now owns 1,529 shares of the industrial products company's stock valued at $718,000 after acquiring an additional 29 shares in the last quarter. Aprio Wealth Management LLC grew its position in shares of Deere & Company by 10.6% during the first quarter. Aprio Wealth Management LLC now owns 739 shares of the industrial products company's stock worth $347,000 after acquiring an additional 71 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Deere & Company by 107.5% during the first quarter. Adage Capital Partners GP L.L.C. now owns 112,342 shares of the industrial products company's stock worth $52,728,000 after acquiring an additional 58,199 shares during the last quarter. Paragon Private Wealth Management LLC grew its position in shares of Deere & Company by 5.1% during the first quarter. Paragon Private Wealth Management LLC now owns 1,985 shares of the industrial products company's stock worth $932,000 after acquiring an additional 96 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its position in shares of Deere & Company by 0.4% during the first quarter. EP Wealth Advisors LLC now owns 5,503 shares of the industrial products company's stock worth $2,583,000 after acquiring an additional 23 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Trading Down 0.3%

DE stock traded down $1.27 during mid-day trading on Wednesday, reaching $474.33. 442,504 shares of the stock traded hands, compared to its average volume of 1,353,371. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a 52-week low of $378.66 and a 52-week high of $533.78. The company has a market cap of $128.23 billion, a P/E ratio of 24.80, a P/E/G ratio of 3.09 and a beta of 1.00. The stock's fifty day moving average is $500.10 and its 200-day moving average is $490.54.

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 the consensus estimate of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.Deere & Company's quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $6.29 earnings per share. As a group, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company's dividend payout ratio is 33.87%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of recent analyst reports. Oppenheimer increased their target price on shares of Deere & Company from $560.00 to $566.00 and gave the company an "outperform" rating in a research report on Friday, August 15th. Robert W. Baird cut their price target on shares of Deere & Company from $520.00 to $488.00 and set a "neutral" rating for the company in a report on Friday, August 15th. Bank of America upped their price target on shares of Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a report on Friday, May 16th. JPMorgan Chase & Co. cut their price target on shares of Deere & Company from $500.00 to $495.00 and set a "neutral" rating for the company in a report on Tuesday, September 2nd. Finally, Citigroup cut their price target on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $520.87.

Deere & 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.