Requisite Capital Management LLC Decreases Position in Deere & Company $DE

Requisite Capital Management LLC trimmed its holdings in shares of Deere & Company (NYSE:DE) by 66.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 489 shares of the industrial products company’s stock after selling 956 shares during the period. Requisite Capital Management LLC’s holdings in Deere & Company were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DE. Strategic Advocates LLC bought a new stake in shares of Deere & Company in the 3rd quarter valued at about $25,000. Key Capital Management INC bought a new position in Deere & Company during the 4th quarter worth approximately $27,000. Activest Wealth Management grew its position in Deere & Company by 69.2% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 27 shares during the last quarter. McIlrath & Eck LLC bought a new stake in Deere & Company in the fourth quarter valued at approximately $30,000. Finally, Wealth Watch Advisors INC bought a new stake in Deere & Company in the third quarter valued at approximately $32,000. 68.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on DE shares. Raymond James Financial reissued an “outperform” rating and set a $765.00 price objective on shares of Deere & Company in a research note on Monday, February 23rd. Wolfe Research upped their price target on shares of Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. DA Davidson increased their price target on shares of Deere & Company from $580.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Citigroup cut their price target on shares of Deere & Company from $675.00 to $625.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Finally, Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Fifteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $655.45.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $562.12 on Monday. The business has a 50 day moving average of $580.96 and a 200 day moving average of $537.44. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a market cap of $151.83 billion, a PE ratio of 31.69, a P/E/G ratio of 1.96 and a beta of 0.96. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.52. The business had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.19 earnings per share. As a group, equities research analysts forecast that Deere & Company will post 18.01 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.2%. Deere & Company’s payout ratio is presently 36.53%.

Deere & Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.