Donor Advised Charitable Giving Inc. bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 1,029 shares of the industrial products company's stock, valued at approximately $483,000.
Several other hedge funds have also modified their holdings of the stock. Graves Light Lenhart Wealth Inc. purchased a new stake in Deere & Company during the 1st quarter worth approximately $214,000. Sarasin & Partners LLP increased its holdings in Deere & Company by 50.4% during the 1st quarter. Sarasin & Partners LLP now owns 771,866 shares of the industrial products company's stock worth $362,275,000 after purchasing an additional 258,522 shares during the last quarter. Sweeney & Michel LLC acquired a new position in shares of Deere & Company in the 1st quarter worth approximately $596,000. Fragasso Financial Advisors Inc increased its holdings in shares of Deere & Company by 4.8% in the 1st quarter. Fragasso Financial Advisors Inc now owns 1,080 shares of the industrial products company's stock valued at $507,000 after acquiring an additional 49 shares during the last quarter. Finally, NBC Securities Inc. increased its holdings in shares of Deere & Company by 104,680.0% in the 1st quarter. NBC Securities Inc. now owns 15,717 shares of the industrial products company's stock valued at $7,377,000 after acquiring an additional 15,702 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
DE has been the subject of a number of research analyst reports. Oppenheimer boosted their price target on Deere & Company from $513.00 to $555.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wall Street Zen lowered Deere & Company from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. 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 research report on Friday, May 16th. Citigroup dropped their target price on Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. Finally, Bank of America increased their target price on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $515.19.
Get Our Latest Stock Analysis on Deere & Company
Deere & Company Stock Up 1.3%
DE stock traded up $6.58 during mid-day trading on Thursday, reaching $514.36. The company had a trading volume of 512,091 shares, compared to its average volume of 1,393,657. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The stock has a 50 day simple moving average of $477.57 and a two-hundred day simple moving average of $464.39. The company has a market capitalization of $139.60 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.14 and a beta of 1.08. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The company had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same period last year, the firm posted $8.53 earnings per share. The business's revenue was down 17.9% on a year-over-year basis. As a group, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.26%. Deere & Company's dividend payout ratio is presently 31.35%.
Deere & Company Company Profile
(
Free Report)
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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