GAMMA Investing LLC Has $822.78 Million Stock Holdings in Deere & Company (NYSE:DE)

GAMMA Investing LLC boosted its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 61,215.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,753,022 shares of the industrial products company's stock after buying an additional 1,750,163 shares during the period. GAMMA Investing LLC owned about 0.65% of Deere & Company worth $822,781,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Deere & Company during the fourth quarter valued at $1,244,094,000. Castlekeep Investment Advisors LLC bought a new position in shares of Deere & Company during the fourth quarter valued at $541,437,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Deere & Company by 19.9% during the fourth 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 acquiring an additional 1,095,736 shares during the period. FMR LLC lifted its holdings in shares of Deere & Company by 22.9% during the fourth quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock valued at $2,364,843,000 after acquiring an additional 1,039,395 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Deere & Company during the fourth quarter valued at $296,232,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Trading Up 1.0%

Shares of NYSE:DE traded up $4.86 during mid-day trading on Tuesday, reaching $512.70. The stock had a trading volume of 382,061 shares, compared to its average volume of 1,413,101. The firm has a market cap of $139.15 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The firm has a 50 day simple moving average of $476.02 and a two-hundred day simple moving average of $463.74. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78.

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 (EPS) for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The business's revenue for the quarter was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.53 earnings per share. On average, research analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be given a $1.62 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.26%. Deere & Company's dividend payout ratio is presently 31.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley lifted their price objective on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Barclays lifted their price target on Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Argus set a $510.00 price target on Deere & Company in a report on Friday, March 7th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Deere & Company in a report on Thursday, May 15th. Finally, Oppenheimer lifted their price target on Deere & Company from $513.00 to $555.00 and gave the company an "outperform" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Deere & Company has an average rating of "Hold" and an average target price of $515.19.

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.