Perigon Wealth Management LLC lowered its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 6.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 17,539 shares of the industrial products company's stock after selling 1,135 shares during the period. Perigon Wealth Management LLC's holdings in Deere & Company were worth $8,232,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of DE. Orion Capital Management LLC bought a new position in shares of Deere & Company during the fourth quarter valued at $34,000. Mascagni Wealth Management Inc. bought a new position in shares of Deere & Company during the fourth quarter valued at $39,000. Dogwood Wealth Management LLC bought a new position in Deere & Company during the fourth quarter worth $42,000. Wood Tarver Financial Group LLC bought a new position in Deere & Company during the fourth quarter worth $43,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Deere & Company during the fourth quarter worth $48,000. Institutional investors own 68.58% of the company's stock.
Deere & Company Stock Up 1.0%
Shares of NYSE:DE traded up $4.93 during midday trading on Friday, hitting $513.46. 1,835,337 shares of the company's stock were exchanged, compared to its average volume of 1,358,147. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89. The stock has a 50 day moving average price of $500.54 and a 200-day moving average price of $473.14. The company has a market cap of $139.06 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 3.26 and a beta of 1.09. Deere & Company has a 12 month low of $340.20 and a 12 month high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. The company had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The firm's revenue for the quarter was down 17.9% on a year-over-year basis. During the same period in the previous year, the firm posted $8.53 earnings per share. On average, 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. Stockholders of record on Monday, June 30th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's payout ratio is presently 31.35%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on DE shares. Wall Street Zen downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Robert W. Baird lifted their target price on shares of Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. UBS Group lowered their target price on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Melius Research raised shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Citigroup lowered their target price on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a research note on Friday, May 30th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has assigned 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.
View Our Latest Research Report on DE
Deere & Company Company Profile
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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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