MidFirst Bank acquired a new position in Deere & Company (NYSE:DE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,157 shares of the industrial products company's stock, valued at approximately $1,368,000.
Several other large investors also recently added to or reduced their stakes in the business. Portus Wealth Advisors LLC bought a new position in Deere & Company in the 1st quarter worth about $32,000. Timmons Wealth Management LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at about $29,000. McIlrath & Eck LLC purchased a new position in shares of Deere & Company during the fourth quarter worth about $30,000. Wealth Watch Advisors INC bought a new position in shares of Deere & Company in the third quarter worth approximately $32,000. Finally, Evolution Wealth Management Inc. increased its position in shares of Deere & Company by 6,900.0% in the first quarter. Evolution Wealth Management Inc. now owns 70 shares of the industrial products company's stock worth $39,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 68.58% of the company's stock.
Deere & Company Trading Down 1.4%
DE opened at $600.08 on Tuesday. The business has a 50 day simple moving average of $603.76 and a two-hundred day simple moving average of $588.84. The firm has a market capitalization of $161.99 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 2.57 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. Deere & Company has a one year low of $433.00 and a one year high of $674.19.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping the consensus estimate of $5.70 by $0.85. The business had revenue of $13.37 billion during the quarter, compared to analysts' expectations of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The business's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $6.64 EPS. Analysts predict that Deere & Company will post 18.26 EPS for the current year.
Deere & Company Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were paid a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. Deere & Company's dividend payout ratio (DPR) is presently 36.71%.
Analyst Ratings Changes
DE has been the subject of several research analyst reports. Raymond James Financial dropped their target price on shares of Deere & Company from $765.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, May 22nd. Bank of America reduced their price objective on Deere & Company from $672.00 to $607.50 and set a "neutral" rating on the stock in a research note on Friday, May 22nd. Seaport Research Partners set a $570.00 target price on shares of Deere & Company in a report on Friday. Weiss Ratings raised shares of Deere & Company from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, May 21st. Finally, Robert W. Baird lowered their price target on shares of Deere & Company from $580.00 to $525.00 and set a "neutral" rating for the company in a report on Friday, May 22nd. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, Deere & Company currently has an average rating of "Moderate Buy" and an average price target of $641.98.
Get Our Latest Research Report on Deere & Company
About Deere & Company
(
Free Report)
Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.
The company's principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.
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