Kentucky Retirement Systems Insurance Trust Fund cut its holdings in Deere & Company (NYSE:DE - Free Report) by 46.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,250 shares of the industrial products company's stock after selling 6,308 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Deere & Company were worth $3,403,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in DE. Brighton Jones LLC increased its position in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after buying an additional 1,278 shares during the period. Wealth Alliance acquired a new position in Deere & Company during the 4th quarter valued at $209,000. Bell Bank grew its position in Deere & Company by 10.4% in the 4th quarter. Bell Bank now owns 2,590 shares of the industrial products company's stock worth $1,097,000 after purchasing an additional 244 shares during the last quarter. Deseret Mutual Benefit Administrators increased its holdings in shares of Deere & Company by 8.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 342 shares of the industrial products company's stock worth $145,000 after purchasing an additional 26 shares during the period. Finally, Redmond Asset Management LLC acquired a new position in shares of Deere & Company during the fourth quarter valued at about $758,000. Institutional investors and hedge funds own 68.58% of the company's stock.
Deere & Company Price Performance
Shares of DE traded down $4.32 on Friday, hitting $520.66. The company's stock had a trading volume of 1,387,433 shares, compared to its average volume of 1,386,710. The company has a market capitalization of $141.01 billion, a PE ratio of 25.19, a PEG ratio of 3.31 and a beta of 1.09. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. The company has a 50 day moving average price of $495.13 and a 200 day moving average price of $470.82. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data 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 return on equity of 24.39% and a net margin of 12.40%. The firm had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company posted $8.53 EPS. The business's revenue for the quarter was down 17.9% compared to the same quarter last year. On average, research 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 disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's payout ratio is presently 31.35%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on DE shares. The Goldman Sachs Group restated a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. BMO Capital Markets reissued a "market perform" rating and set a $460.00 price objective (up previously from $425.00) on shares of Deere & Company in a report on Wednesday, May 21st. Argus set a $510.00 target price on Deere & Company in a research note on Friday, March 7th. Raymond James Financial increased their price objective on shares of Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, UBS Group decreased their target price on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Deere & Company currently has an average rating of "Hold" and a consensus target price of $515.19.
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Deere & 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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