De Lisle Partners LLP Grows Stake in Deere & Company $DE

De Lisle Partners LLP increased its holdings in shares of Deere & Company (NYSE:DE) by 8.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,500 shares of the industrial products company’s stock after acquiring an additional 1,000 shares during the period. De Lisle Partners LLP’s holdings in Deere & Company were worth $5,822,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Strategic Advocates LLC purchased a new stake in shares of Deere & Company during the third quarter worth about $25,000. Key Capital Management INC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $27,000. Timmons Wealth Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $29,000. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $30,000. Finally, Wealth Watch Advisors INC bought a new position in Deere & Company during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

DE has been the subject of a number of research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a research note on Monday, June 1st. Citigroup dropped their price target on Deere & Company from $625.00 to $595.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. UBS Group increased their price target on Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Oppenheimer reissued an “outperform” rating and set a $680.00 price target (down from $715.00) on shares of Deere & Company in a research note on Wednesday, May 27th. Finally, Raymond James Financial dropped their price target on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research note on Friday, May 22nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $639.58.

Deere & Company Price Performance

NYSE:DE opened at $577.05 on Friday. The firm has a market capitalization of $155.77 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.10 and a beta of 0.92. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The business has a 50 day simple moving average of $573.27 and a 200-day simple moving average of $548.89. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.70 by $0.85. The business had revenue of $13.37 billion during the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company earned $6.64 EPS. Equities analysts forecast that Deere & Company will post 18.13 EPS for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is presently 36.71%.

About Deere & Company

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.