Triglav Skladi D.O.O. Acquires 6,250 Shares of Deere & Company (NYSE:DE)

Key Points

• Triglav Skladi D.O.O. increased its holdings in Deere & Company by 154.4%, acquiring an additional 6,250 shares, bringing its total to 10,299 shares valued at approximately $4.83 million.
• Deere & Company reported earnings per share of $6.64, exceeding expectations, with quarterly revenue of $11.17 billion, though down 17.9% year-over-year.
• The company has a dividend yield of 1.3%, with a quarterly dividend of $1.62 per share, and its dividend payout ratio is currently 31.35%.

Triglav Skladi D.O.O. grew its holdings in Deere & Company (NYSE:DE - Free Report) by 154.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,299 shares of the industrial products company's stock after acquiring an additional 6,250 shares during the period. Triglav Skladi D.O.O.'s holdings in Deere & Company were worth $4,835,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after acquiring an additional 1,278 shares during the last quarter. Townsquare Capital LLC raised its holdings in shares of Deere & Company by 14.4% in the 4th quarter. Townsquare Capital LLC now owns 7,272 shares of the industrial products company's stock valued at $3,081,000 after purchasing an additional 918 shares in the last quarter. CreativeOne Wealth LLC raised its stake in shares of Deere & Company by 0.3% during the 4th quarter. CreativeOne Wealth LLC now owns 10,625 shares of the industrial products company's stock worth $4,502,000 after acquiring an additional 27 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Deere & Company during the 4th quarter worth approximately $906,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of Deere & Company during the 4th quarter worth approximately $1,763,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Down 0.2%

Shares of Deere & Company stock opened at $506.07 on Wednesday. The company's fifty day simple moving average is $512.30 and its 200-day simple moving average is $489.69. The stock has a market capitalization of $137.06 billion, a PE ratio of 24.48, a P/E/G ratio of 3.21 and a beta of 1.06. Deere & Company has a 1-year low of $346.00 and a 1-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 announced its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.72 by $0.92. The firm had revenue of $11.17 billion for the quarter, compared to analysts' expectations 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 was down 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $8.53 EPS. As a group, equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, June 30th were paid a dividend of $1.62 per share. The ex-dividend date was Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. Deere & Company's dividend payout ratio (DPR) is currently 31.35%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Raymond James Financial increased their target price on shares of Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Morgan Stanley raised their price objective on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Evercore ISI increased their target price on shares of Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Finally, Barclays raised their price objective 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $523.93.

Deere & 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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