Slow Capital Inc. Purchases 6,401 Shares of Deere & Company (NYSE:DE)

Slow Capital Inc. raised its stake in shares of Deere & Company (NYSE:DE - Free Report) by 80.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,399 shares of the industrial products company's stock after acquiring an additional 6,401 shares during the period. Deere & Company comprises approximately 0.9% of Slow Capital Inc.'s investment portfolio, making the stock its 27th largest holding. Slow Capital Inc.'s holdings in Deere & Company were worth $6,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Hughes Financial Services LLC purchased a new position in Deere & Company during the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC boosted its position in shares of Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 36 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at about $34,000. Mascagni Wealth Management Inc. bought a new stake in shares of Deere & Company during the 4th quarter valued at about $39,000. Finally, Dogwood Wealth Management LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at about $42,000. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their target price on Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Bank of America upped their target price on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Robert W. Baird boosted their price objective on Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Melius upgraded Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, DA Davidson reiterated a "buy" rating and issued a $542.00 price objective on shares of Deere & Company in a research report on Friday, May 16th. One investment 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $515.19.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $512.17 on Monday. 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 business's 50 day moving average price is $510.73 and its 200-day moving average price is $478.69. The firm has a market capitalization of $138.71 billion, a PE ratio of 24.78, a P/E/G ratio of 3.25 and a beta of 1.08. Deere & Company has a 1 year low of $340.20 and a 1 year high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 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 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.53 earnings per share. As a group, equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.27%. Deere & Company's dividend payout ratio is currently 31.35%.

About Deere & Company

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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