Wilkinson Global Asset Management LLC Reduces Stock Holdings in Deere & Company (NYSE:DE)

Wilkinson Global Asset Management LLC cut its position in shares of Deere & Company (NYSE:DE - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,255 shares of the industrial products company's stock after selling 1,692 shares during the period. Deere & Company makes up about 3.9% of Wilkinson Global Asset Management LLC's portfolio, making the stock its 11th biggest holding. Wilkinson Global Asset Management LLC's holdings in Deere & Company were worth $62,543,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DE. Sunbelt Securities Inc. grew its stake in shares of Deere & Company by 2.4% in the 1st quarter. Sunbelt Securities Inc. now owns 925 shares of the industrial products company's stock worth $434,000 after buying an additional 22 shares in the last quarter. First Bancorp Inc ME grew its position in Deere & Company by 4.7% in the first quarter. First Bancorp Inc ME now owns 509 shares of the industrial products company's stock worth $239,000 after acquiring an additional 23 shares in the last quarter. World Equity Group Inc. grew its position in Deere & Company by 4.5% in the first quarter. World Equity Group Inc. now owns 552 shares of the industrial products company's stock worth $244,000 after acquiring an additional 24 shares in the last quarter. Coppell Advisory Solutions LLC increased its stake in Deere & Company by 2.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company's stock worth $432,000 after acquiring an additional 25 shares during the last quarter. Finally, Glen Eagle Advisors LLC lifted its stake in shares of Deere & Company by 0.9% in the 4th quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company's stock valued at $1,244,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 68.58% of the company's stock.

Deere & Company Stock Down 1.4%

Shares of DE traded down $7.03 during mid-day trading on Friday, hitting $512.17. The company's stock had a trading volume of 1,046,929 shares, compared to its average volume of 1,347,582. The company's 50-day moving average is $510.73 and its 200-day moving average is $478.38. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The firm has a market capitalization of $138.71 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 3.25 and a beta of 1.08. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. Deere & Company's revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.53 earnings per share. On average, equities research analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is currently 31.35%.

Analyst Ratings Changes

DE has been the topic of several analyst reports. Robert W. Baird boosted their target price on Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Oppenheimer boosted their price objective on shares of Deere & Company from $513.00 to $555.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. UBS Group lowered their target price on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Citigroup dropped their price target on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a research note on Friday, May 30th. Finally, Raymond James Financial increased their price objective on shares of Deere & Company from $530.00 to $560.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock 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.