Deutsche Bank AG acquired a new stake in Deere & Company (NYSE:DE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 686,048 shares of the industrial products company's stock, valued at approximately $435,181,000. Deutsche Bank AG owned about 0.25% of Deere & Company at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Timmons Wealth Management LLC acquired a new position in Deere & Company during the fourth quarter worth $29,000. McIlrath & Eck LLC acquired a new stake in shares of Deere & Company in the fourth quarter worth about $30,000. Portus Wealth Advisors LLC bought a new stake in shares of Deere & Company during the 1st quarter worth about $32,000. Wealth Watch Advisors INC bought a new stake in shares of Deere & Company during the 3rd quarter worth about $32,000. Finally, SHP Wealth Management acquired a new position in shares of Deere & Company during the 4th quarter valued at about $33,000. 68.58% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Oppenheimer reissued an "outperform" rating and issued a $680.00 price objective (down from $715.00) on shares of Deere & Company in a research note on Wednesday, May 27th. DA Davidson reiterated a "buy" rating and set a $685.00 price target on shares of Deere & Company in a report on Friday, July 17th. Raymond James Financial dropped their price target on shares of Deere & Company from $765.00 to $700.00 and set an "outperform" rating on the stock in a research report on Friday, May 22nd. Bank of America reduced their price objective on shares of Deere & Company from $672.00 to $607.50 and set a "neutral" rating for the company in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Deere & Company from $590.00 to $570.00 and set a "neutral" rating for the company in a report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $641.98.
Check Out Our Latest Analysis on DE
Deere & Company Price Performance
NYSE DE opened at $600.08 on Tuesday. The stock has a 50-day simple moving average of $603.76 and a 200 day simple moving average of $588.84. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The stock has a market capitalization of $161.99 billion, a PE ratio of 34.00, a P/E/G ratio of 2.57 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18.
Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.70 by $0.85. The firm had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $6.64 EPS. Research analysts anticipate that Deere & Company will post 18.26 EPS for the current year.
Deere & Company Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Deere & Company's dividend payout ratio is currently 36.71%.
Deere & Company Company Profile
(
Free Report)
Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.
The company's principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Deere & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.
While Deere & Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
