Fisher Funds Management LTD Has $19.22 Million Stake in Deere & Company (NYSE:DE)

Fisher Funds Management LTD boosted its stake in Deere & Company (NYSE:DE - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,956 shares of the industrial products company's stock after buying an additional 3,157 shares during the quarter. Fisher Funds Management LTD's holdings in Deere & Company were worth $19,223,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DE. Orion Capital Management LLC acquired a new stake in Deere & Company in the 4th quarter valued at $34,000. Mascagni Wealth Management Inc. acquired a new stake in Deere & Company in the 4th quarter valued at $39,000. Dogwood Wealth Management LLC acquired a new stake in Deere & Company in the 4th quarter valued at $42,000. Wood Tarver Financial Group LLC acquired a new stake in Deere & Company in the 4th quarter valued at $43,000. Finally, Citizens National Bank Trust Department acquired a new stake in Deere & Company in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Trading Down 0.5%

Shares of Deere & Company stock traded down $2.82 during trading on Friday, reaching $517.50. 470,313 shares of the company were exchanged, compared to its average volume of 1,356,782. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The business has a 50-day moving average price of $506.47 and a 200-day moving average price of $475.58. The firm has a market capitalization of $140.15 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 3.31 and a beta of 1.08.

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

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.25%. Deere & Company's payout ratio is 31.35%.

Wall Street Analyst Weigh In

DE has been the topic of several recent analyst reports. Bank of America boosted their price target on Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Argus set a $510.00 price target on Deere & Company in a research note on Friday, March 7th. Melius raised Deere & Company from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Oppenheimer lifted their price objective on Deere & Company from $513.00 to $555.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Truist Financial lifted their price objective on Deere & Company from $546.00 to $619.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $515.19.

Deere & Company Company Profile

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.