Diversified Trust Co Acquires 612 Shares of Deere & Company (NYSE:DE)

Diversified Trust Co raised its stake in shares of Deere & Company (NYSE:DE - Free Report) by 29.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,663 shares of the industrial products company's stock after buying an additional 612 shares during the period. Diversified Trust Co's holdings in Deere & Company were worth $1,250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DE. Assenagon Asset Management S.A. lifted its holdings in Deere & Company by 58.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company's stock worth $6,395,000 after purchasing an additional 5,053 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Deere & Company in the fourth quarter worth $847,000. Stenger Family Office LLC bought a new stake in shares of Deere & Company during the 4th quarter worth $3,144,000. First Business Financial Services Inc. acquired a new position in Deere & Company in the 4th quarter valued at $4,254,000. Finally, Westpac Banking Corp grew its stake in Deere & Company by 17.9% in the 4th quarter. Westpac Banking Corp now owns 11,904 shares of the industrial products company's stock valued at $5,044,000 after buying an additional 1,809 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Price Performance

DE opened at $513.46 on Friday. The stock has a market capitalization of $139.06 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 3.26 and a beta of 1.09. 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 company's 50 day simple moving average is $500.54 and its 200-day simple moving average is $472.91. Deere & Company has a one year low of $340.20 and a one year high of $533.78.

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

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is currently 31.35%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DE shares. DA Davidson restated a "buy" rating and set a $542.00 price target on shares of Deere & Company in a report on Friday, May 16th. Oppenheimer boosted their price objective on shares of Deere & Company from $513.00 to $555.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Citigroup lowered their price target on Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a research note on Friday, May 30th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Deere & Company in a research note 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.