1,000 Shares in Deere & Company (NYSE:DE) Purchased by Ayrshire Capital Management LLC

Ayrshire Capital Management LLC purchased a new position in shares of Deere & Company (NYSE:DE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,000 shares of the industrial products company’s stock, valued at approximately $469,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after purchasing an additional 1,278 shares in the last quarter. Vest Financial LLC raised its holdings in shares of Deere & Company by 8.9% in the fourth quarter. Vest Financial LLC now owns 2,211 shares of the industrial products company’s stock valued at $937,000 after acquiring an additional 181 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in Deere & Company by 32.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,507 shares of the industrial products company’s stock worth $2,333,000 after acquiring an additional 1,343 shares in the last quarter. Empowered Funds LLC grew its holdings in Deere & Company by 20.8% during the 4th quarter. Empowered Funds LLC now owns 16,935 shares of the industrial products company’s stock worth $7,175,000 after acquiring an additional 2,915 shares in the last quarter. Finally, Quotient Wealth Partners LLC increased its position in Deere & Company by 31.3% during the 4th quarter. Quotient Wealth Partners LLC now owns 1,171 shares of the industrial products company’s stock valued at $496,000 after purchasing an additional 279 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DE. Melius Research upgraded shares of Deere & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a report on Friday, May 30th. UBS Group reduced their price target on Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $460.00 price objective (up previously from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. Finally, Baird R W downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $515.19.

Deere & Company Stock Performance

Shares of NYSE DE opened at $521.63 on Tuesday. The stock has a market cap of $141.27 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.14 and a beta of 1.09. Deere & Company has a 12 month low of $340.20 and a 12 month high of $533.78. The company has a 50 day simple moving average of $480.22 and a two-hundred day simple moving average of $467.10. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period last year, the firm earned $8.53 EPS. As a group, analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared 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 1.24%. The ex-dividend date is Monday, June 30th. Deere & Company’s payout ratio is presently 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.