Deere & Company (NYSE:DE) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC grew its stake in shares of Deere & Company (NYSE:DE) by 11.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,191 shares of the industrial products company’s stock after acquiring an additional 123 shares during the period. Simon Quick Advisors LLC’s holdings in Deere & Company were worth $559,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Advisors Ltd. LLC lifted its position in shares of Deere & Company by 164.2% during the 1st quarter. Capital Advisors Ltd. LLC now owns 177 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 110 shares during the last quarter. Donaldson Capital Management LLC lifted its position in shares of Deere & Company by 14.6% during the 1st quarter. Donaldson Capital Management LLC now owns 707 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 90 shares during the last quarter. Rowlandmiller & PARTNERS.ADV acquired a new stake in shares of Deere & Company during the 1st quarter valued at $103,000. CX Institutional lifted its position in shares of Deere & Company by 596.2% during the 1st quarter. CX Institutional now owns 12,016 shares of the industrial products company’s stock valued at $5,640,000 after acquiring an additional 10,290 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Deere & Company by 58.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company’s stock valued at $6,395,000 after acquiring an additional 5,053 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Down 1.5%

DE stock opened at $509.04 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The company has a 50-day moving average of $487.24 and a two-hundred day moving average of $468.51. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The stock has a market capitalization of $137.86 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09.

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

Deere & Company Dividend Announcement

The business also recently announced 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. This represents a $6.48 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, June 30th. Deere & Company’s payout ratio is presently 31.35%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DE shares. Melius Research upgraded Deere & Company from a “hold” rating to a “strong-buy” rating in a report on Friday, June 6th. Raymond James increased their target price on Deere & Company from $530.00 to $560.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Bank of America increased their target price on Deere & Company from $495.00 to $556.00 and gave the company a “neutral” rating in a report on Friday, May 16th. BMO Capital Markets restated a “market perform” rating and issued a $460.00 target price (up previously from $425.00) on shares of Deere & Company in a report on Wednesday, May 21st. Finally, UBS Group dropped their price target on shares of Deere & Company from $462.00 to $440.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $515.19.

Deere & Company 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.