TKG Advisors LLC lowered its stake in Deere & Company (NYSE:DE - Free Report) by 57.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 579 shares of the industrial products company's stock after selling 793 shares during the quarter. TKG Advisors LLC's holdings in Deere & Company were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in shares of Deere & Company in the 4th quarter worth $34,000. Mascagni Wealth Management Inc. purchased a new stake in Deere & Company in the fourth quarter worth approximately $39,000. Dogwood Wealth Management LLC bought a new position in Deere & Company during the fourth quarter valued at approximately $42,000. Wood Tarver Financial Group LLC purchased a new position in shares of Deere & Company during the fourth quarter worth approximately $43,000. Finally, Citizens National Bank Trust Department purchased a new position in shares of Deere & Company during the first quarter worth approximately $45,000. Hedge funds and other institutional investors own 68.58% of the company's stock.
Wall Street Analysts Forecast Growth
DE has been the topic of several recent research reports. DA Davidson reaffirmed a "buy" rating and set a $542.00 target price on shares of Deere & Company in a report on Friday, May 16th. Robert W. Baird upped their price target on shares of Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a report on Thursday, May 15th. Barclays boosted their target price on Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, UBS Group reduced their price target on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $515.19.
Get Our Latest Stock Report on Deere & Company
Deere & Company Stock Up 2.4%
Shares of NYSE DE opened at $520.33 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76. Deere & Company has a 12 month low of $340.20 and a 12 month high of $533.78. The firm has a fifty day simple moving average of $504.22 and a two-hundred day simple moving average of $474.18. The firm has a market capitalization of $140.92 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 3.23 and a beta of 1.08.
Deere & Company (NYSE:DE - Get Free Report) last announced its 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 firm had revenue of $11.17 billion during 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 business's revenue was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.53 EPS. Equities analysts expect that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.
Deere & 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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