DekaBank Deutsche Girozentrale Grows Stock Holdings in Deere & Company (NYSE:DE)

DekaBank Deutsche Girozentrale increased its position in Deere & Company (NYSE:DE - Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,638 shares of the industrial products company's stock after buying an additional 5,300 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of Deere & Company worth $83,518,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after acquiring an additional 1,278 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Deere & Company by 23.4% during the fourth quarter. Proficio Capital Partners LLC now owns 1,253 shares of the industrial products company's stock valued at $531,000 after buying an additional 238 shares during the last quarter. Midland Wealth Advisors LLC raised its holdings in shares of Deere & Company by 4.9% during the fourth quarter. Midland Wealth Advisors LLC now owns 603 shares of the industrial products company's stock valued at $256,000 after buying an additional 28 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Deere & Company by 0.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 44,623 shares of the industrial products company's stock valued at $18,907,000 after buying an additional 368 shares during the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of Deere & Company by 18.5% during the fourth quarter. Independent Advisor Alliance now owns 10,129 shares of the industrial products company's stock valued at $4,292,000 after buying an additional 1,582 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Trading Down 1.4%

Deere & Company stock traded down $7.03 during trading hours on Friday, reaching $512.17. 1,046,929 shares of the company's stock were exchanged, compared to its average volume of 1,347,582. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. The firm's 50 day simple moving average is $510.73 and its 200 day simple moving average is $478.38. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The firm has a market capitalization of $138.71 billion, a PE ratio of 24.78, a PEG ratio of 3.25 and a beta of 1.08.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating the consensus estimate of $5.72 by $0.92. The business had revenue of $11.17 billion for the quarter, compared to analysts' expectations of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The firm's revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter last year, the firm earned $8.53 EPS. Research analysts predict that Deere & Company will post 19.32 earnings per share for the current 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 paid a $1.62 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.27%. Deere & Company's dividend payout ratio is 31.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DE shares. BMO Capital Markets reiterated a "market perform" rating and set a $460.00 price objective (up previously from $425.00) on shares of Deere & Company in a research note on Wednesday, May 21st. Raymond James Financial raised their price objective on shares of Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Melius Research upgraded shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 6th. UBS Group decreased their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Deere & Company in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $515.19.

About Deere & Company

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.