TD Private Client Wealth LLC Cuts Stake in Deere & Company (NYSE:DE)

TD Private Client Wealth LLC lessened its stake in Deere & Company (NYSE:DE - Free Report) by 34.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,363 shares of the industrial products company's stock after selling 712 shares during the period. TD Private Client Wealth LLC's holdings in Deere & Company were worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Deere & Company by 19.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock worth $2,792,082,000 after acquiring an additional 1,095,736 shares during the last quarter. Capital World Investors lifted its holdings in shares of Deere & Company by 2.7% in the 4th quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company's stock worth $2,566,884,000 after acquiring an additional 157,224 shares during the last quarter. FMR LLC lifted its holdings in shares of Deere & Company by 22.9% in the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock worth $2,364,843,000 after acquiring an additional 1,039,395 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Deere & Company by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,305,571 shares of the industrial products company's stock worth $2,247,216,000 after acquiring an additional 97,203 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Deere & Company in the 4th quarter worth approximately $1,244,094,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Down 1.4%

Shares of Deere & Company stock traded down $7.03 during trading on Friday, hitting $512.17. The company's stock had a trading volume of 1,046,929 shares, compared to its average volume of 1,346,332. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.89 and a current ratio of 2.11. The company has a fifty day simple moving average of $510.73 and a two-hundred day simple moving average of $478.07. The company has a market capitalization of $138.71 billion, a PE ratio of 24.78, a P/E/G ratio of 3.29 and a beta of 1.08. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (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 analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. Deere & Company's quarterly revenue was down 17.9% compared to the same quarter last year. During the same period last year, the business earned $8.53 EPS. Equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.27%. Deere & Company's payout ratio is 31.35%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DE. Raymond James Financial upped their price target on shares of Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Barclays upped their price target on shares of Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Evercore ISI upped their price target on shares of Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a report on Monday, May 19th. DA Davidson reiterated a "buy" rating and set a $542.00 price target on shares of Deere & Company in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $515.19.

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.