Montag A & Associates Inc. Has $6.48 Million Position in Deere & Company (NYSE:DE)

Montag A & Associates Inc. grew its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 40.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,767 shares of the industrial products company's stock after acquiring an additional 3,949 shares during the period. Montag A & Associates Inc.'s holdings in Deere & Company were worth $6,484,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in Deere & Company by 58.9% in the first quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company's stock valued at $6,395,000 after purchasing an additional 5,053 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Deere & Company by 10.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company's stock worth $3,863,000 after acquiring an additional 798 shares in the last quarter. Stenger Family Office LLC bought a new stake in shares of Deere & Company during the fourth quarter worth about $3,144,000. Stratos Investment Management LLC bought a new stake in shares of Deere & Company during the first quarter worth about $271,000. Finally, Telos Capital Management Inc. increased its position in shares of Deere & Company by 28.2% during the first quarter. Telos Capital Management Inc. now owns 3,391 shares of the industrial products company's stock worth $1,592,000 after acquiring an additional 746 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America boosted their price target on shares of Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. UBS Group cut their price target 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. Robert W. Baird boosted their target price on shares of Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Barclays boosted their target price on shares of Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Melius Research upgraded shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Deere & Company presently has a consensus rating of "Hold" and an average price target of $515.50.

Deere & Company Price Performance

Shares of NYSE:DE opened at $499.95 on Friday. The company's fifty day moving average price is $512.85 and its 200-day moving average price is $481.04. The firm has a market capitalization of $135.40 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 3.17 and a beta of 1.08. Deere & Company has a one year low of $340.20 and a one year high of $533.78. 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 results 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. The firm had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The business's revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.53 EPS. On average, equities research analysts anticipate that Deere & Company will post 19.32 earnings per share 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. Investors of record on Monday, June 30th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's payout ratio is presently 31.35%.

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.

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