Rothschild & Co Wealth Management UK Ltd lowered its position in Deere & Company (NYSE:DE - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,142,666 shares of the industrial products company's stock after selling 3,554 shares during the period. Deere & Company makes up about 7.5% of Rothschild & Co Wealth Management UK Ltd's portfolio, making the stock its 8th largest position. Rothschild & Co Wealth Management UK Ltd owned approximately 0.41% of Deere & Company worth $456,918,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Retirement Group LLC lifted its stake in shares of Deere & Company by 264.7% during the second quarter. Retirement Group LLC now owns 62 shares of the industrial products company's stock worth $25,000 after buying an additional 45 shares during the period. Briaud Financial Planning Inc purchased a new stake in Deere & Company during the 3rd quarter valued at about $25,000. ZRC Wealth Management LLC acquired a new position in shares of Deere & Company in the fourth quarter valued at about $28,000. Worth Asset Management LLC purchased a new position in shares of Deere & Company in the first quarter worth about $28,000. Finally, Milestone Investment Advisors LLC purchased a new stake in Deere & Company in the third quarter valued at approximately $37,000. Institutional investors own 68.58% of the company's stock.
Deere & Company Price Performance
Shares of Deere & Company stock traded up $4.00 on Wednesday, hitting $397.01. 1,442,233 shares of the company were exchanged, compared to its average volume of 1,500,381. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average price of $384.95 and a 200 day moving average price of $382.56. The stock has a market capitalization of $110.51 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping analysts' consensus estimates of $5.19 by $1.04. The company had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.55 earnings per share. As a group, sell-side analysts predict that Deere & Company will post 27.41 earnings per share for the current fiscal year.
Deere & Company Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be issued a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.48%. Deere & Company's dividend payout ratio is currently 17.12%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Citigroup dropped their price objective on shares of Deere & Company from $450.00 to $435.00 and set a "buy" rating on the stock in a report on Friday, February 16th. JPMorgan Chase & Co. lifted their price target on Deere & Company from $415.00 to $425.00 and gave the company a "neutral" rating in a research report on Friday, April 12th. Wells Fargo & Company lowered their price objective on Deere & Company from $445.00 to $425.00 and set an "overweight" rating on the stock in a research report on Friday, February 16th. Melius Research reaffirmed a "hold" rating on shares of Deere & Company in a report on Monday, January 8th. Finally, Morgan Stanley assumed coverage on shares of Deere & Company in a report on Monday, January 8th. They set an "overweight" rating and a $430.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Deere & Company currently has a consensus rating of "Hold" and a consensus price target of $433.28.
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Deere & Company Profile
(
Free Report)
Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.
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