E. Ohman J or Asset Management AB lessened its stake in Deere & Company (NYSE:DE - Free Report) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,553 shares of the industrial products company's stock after selling 1,571 shares during the period. E. Ohman J or Asset Management AB's holdings in Deere & Company were worth $11,055,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pineridge Advisors LLC increased its position in shares of Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after acquiring an additional 26 shares during the period. YANKCOM Partnership purchased a new position in Deere & Company during the 4th quarter worth $34,000. Orion Capital Management LLC purchased a new position in Deere & Company during the 4th quarter worth $34,000. Mascagni Wealth Management Inc. bought a new stake in Deere & Company during the 4th quarter valued at $39,000. Finally, Dogwood Wealth Management LLC purchased a new stake in shares of Deere & Company in the 4th quarter worth $42,000. Institutional investors own 68.58% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on DE shares. Wall Street Zen lowered Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. UBS Group dropped their target price on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Evercore ISI raised their target price on shares of Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Raymond James upped their price target 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. Finally, Truist Financial increased their price objective on shares of Deere & Company from $546.00 to $619.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Deere & Company has a consensus rating of "Hold" and a consensus target price of $515.19.
Read Our Latest Stock Report on DE
Deere & Company Stock Up 0.5%
Deere & Company stock opened at $510.57 on Friday. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78. The business has a fifty day moving average price of $478.37 and a 200-day moving average price of $465.12. 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 market capitalization of $138.28 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.14 and a beta of 1.09.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 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 business posted $8.53 earnings per share. The firm's revenue was down 17.9% compared to the same quarter last year. 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 announced 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. This represents a $6.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) 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.
Further Reading
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