Deere & Company (NYSE:DE) Shares Sold by Annis Gardner Whiting Capital Advisors LLC

Key Points

• Annis Gardner Whiting Capital Advisors LLC reduced its stake in Deere & Company by 59.1%, leaving them with a total of 735 shares valued at approximately $346,000.
• Deere & Company is set to pay a quarterly dividend of $1.62 per share on August 8th, resulting in an annualized dividend yield of 1.3%.
• Analysts have varied price targets for Deere & Company, with an average target of $515.50 and several maintaining a "buy" or "hold" rating on the stock.

Annis Gardner Whiting Capital Advisors LLC decreased its stake in Deere & Company (NYSE:DE - Free Report) by 59.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735 shares of the industrial products company's stock after selling 1,060 shares during the period. Annis Gardner Whiting Capital Advisors LLC's holdings in Deere & Company were worth $346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Deere & Company by 19.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock worth $2,792,082,000 after buying an additional 1,095,736 shares during the period. Capital World Investors boosted its holdings in Deere & Company by 2.7% in the fourth quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company's stock valued at $2,566,884,000 after purchasing an additional 157,224 shares during the last quarter. Northern Trust Corp boosted its holdings in Deere & Company by 12.8% in the fourth 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 during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Deere & Company by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,587,065 shares of the industrial products company's stock valued at $1,096,179,000 after purchasing an additional 184,203 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Deere & Company by 2.8% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DE. DA Davidson reissued a "buy" rating and issued a $542.00 price target on shares of Deere & Company in a report on Friday, May 16th. Evercore ISI increased their price target on Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Oppenheimer increased their target price on Deere & Company from $555.00 to $560.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Robert W. Baird increased their target price on Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. increased their target price on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" 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, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $515.50.

Deere & Company Stock Up 2.0%

DE opened at $511.13 on Tuesday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89. The stock has a market cap of $138.43 billion, a P/E ratio of 24.73, a P/E/G ratio of 3.18 and a beta of 1.06. The stock's 50 day moving average price is $512.28 and its 200 day moving average price is $488.12.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The firm had revenue of $11.17 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same period last year, the firm earned $8.53 EPS. The firm's revenue was down 17.9% compared to the same quarter last year. As a group, research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be given a dividend of $1.62 per share. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. Deere & Company's dividend payout ratio (DPR) is 31.35%.

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.

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