Deere & Company (NYSE:DE) Holdings Raised by Iyo Bank Ltd.

Key Points

• Iyo Bank Ltd. increased its stake in Deere & Company by 11.5%, purchasing an additional 1,040 shares during the first quarter, bringing its total holdings to 10,080 shares valued at approximately $4.73 million.
• Deere & Company reported $6.64 EPS for the last quarter, exceeding analyst expectations, while its revenue was $11.17 billion, down 17.9% year-over-year.
• The company recently declared a quarterly dividend of $1.62 per share, resulting in an annual yield of 1.3% and a dividend payout ratio of 31.35%.

Iyo Bank Ltd. grew its position in Deere & Company (NYSE:DE - Free Report) by 11.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,080 shares of the industrial products company's stock after buying an additional 1,040 shares during the period. Deere & Company accounts for about 1.5% of Iyo Bank Ltd.'s portfolio, making the stock its 24th largest position. Iyo Bank Ltd.'s holdings in Deere & Company were worth $4,731,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Taylor Hoffman Capital Management LLC lifted its stake in Deere & Company by 0.3% during the 1st quarter. Taylor Hoffman Capital Management LLC now owns 16,753 shares of the industrial products company's stock valued at $8,015,000 after acquiring an additional 45 shares during the period. Trillium Asset Management LLC lifted its stake in Deere & Company by 1,304.5% during the 1st quarter. Trillium Asset Management LLC now owns 22,374 shares of the industrial products company's stock valued at $10,501,000 after acquiring an additional 20,781 shares during the period. Capital Planning Advisors LLC lifted its stake in Deere & Company by 17.3% during the 1st quarter. Capital Planning Advisors LLC now owns 4,195 shares of the industrial products company's stock valued at $1,969,000 after acquiring an additional 618 shares during the period. Gouws Capital LLC lifted its stake in Deere & Company by 2.1% during the 1st quarter. Gouws Capital LLC now owns 13,831 shares of the industrial products company's stock valued at $6,492,000 after acquiring an additional 287 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in Deere & Company by 8.4% during the 1st quarter. Public Sector Pension Investment Board now owns 33,795 shares of the industrial products company's stock valued at $15,862,000 after acquiring an additional 2,613 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Down 6.5%

DE traded down $33.52 during midday trading on Thursday, hitting $480.02. The company's stock had a trading volume of 5,099,824 shares, compared to its average volume of 1,358,742. Deere & Company has a 52-week low of $357.90 and a 52-week high of $533.78. The firm has a 50-day moving average price of $512.41 and a two-hundred day moving average price of $489.86. The firm has a market cap of $130.00 billion, a P/E ratio of 23.22, a PEG ratio of 3.21 and a beta of 1.06. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to analysts' expectations of $10.33 billion. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The firm's revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $6.29 earnings per share. On average, research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, June 30th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, June 30th. Deere & Company's dividend payout ratio is currently 31.35%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DE shares. Raymond James Financial boosted their price target on shares of Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Evercore ISI increased their price target on shares of Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Truist Financial upped their target price on shares of Deere & Company from $546.00 to $619.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Oppenheimer upped their target price on shares of Deere & Company from $555.00 to $560.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, DA Davidson reissued a "buy" rating and set a $542.00 price objective on shares of Deere & Company in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $523.93.

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.