Eagle Rock Investment Company LLC purchased a new position in Deere & Company (NYSE:DE – Get Rating ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 500 shares of the industrial products company’s stock, valued at approximately $217,000.
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A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Deere & Company by 1.0% in the third quarter. Vanguard Group Inc. now owns 22,093,821 shares of the industrial products company’s stock valued at $7,376,906,000 after buying an additional 208,053 shares during the period. Legal & General Group Plc lifted its position in Deere & Company by 0.4% in the second quarter. Legal & General Group Plc now owns 2,025,822 shares of the industrial products company’s stock valued at $606,673,000 after acquiring an additional 9,039 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Deere & Company by 16.2% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,686,779 shares of the industrial products company’s stock valued at $563,198,000 after acquiring an additional 234,811 shares during the period. Charles Schwab Investment Management Inc. raised its position in Deere & Company by 2.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,348,614 shares of the industrial products company’s stock valued at $560,296,000 after acquiring an additional 29,757 shares during the period. Finally, Baillie Gifford & Co. raised its position in Deere & Company by 0.9% in the third quarter. Baillie Gifford & Co. now owns 1,347,049 shares of the industrial products company’s stock valued at $449,766,000 after acquiring an additional 11,851 shares during the period. Institutional investors own 75.72% of the company’s shares.
Introducing Deere & Company Stock
NYSE DE traded up $1.83 during trading hours on Monday, reaching $414.71. 708,667 shares of the company traded hands, compared to its average volume of 1,507,726. The business’s fifty day moving average price is $411.15 and its two hundred day moving average price is $405.66. The company has a current ratio of 2.07, a quick ratio of 1.76 and a debt-to-equity ratio of 1.64. The firm has a market cap of $122.89 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.10 and a beta of 1.05. Deere & Company has a 52-week low of $283.81 and a 52-week high of $448.40.
Deere & Company (NYSE:DE – Get Rating ) last announced its earnings results on Friday, February 17th. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $1.02. The company had revenue of $11.40 billion during the quarter, compared to analyst estimates of $11.14 billion. Deere & Company had a net margin of 14.71% and a return on equity of 41.17%. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the business reported $2.92 earnings per share. equities analysts forecast that Deere & Company will post 30.58 EPS for the current year.
Deere & Company Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, May 8th. Stockholders of record on Friday, March 31st will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, March 30th. This represents a $5.00 annual dividend and a yield of 1.21%. This is an increase from Deere & Company’s previous quarterly dividend of $1.20. Deere & Company’s payout ratio is currently 18.55%.
Changes in analyst ratings
A number of research analysts recently issued reports on DE shares. DA Davidson reissued a “buy” rating and set a $520.00 target price on shares of Deere & Company in a research report on Tuesday, February 21st. Argus boosted their price objective on shares of Deere & Company from $475.00 to $485.00 and gave the company a “buy” rating in a research note on Tuesday, February 21st. Sanford C. Bernstein boosted their price objective on shares of Deere & Company from $364.00 to $398.00 and gave the company a “market perform” rating in a research note on Tuesday, February 21st. Bank of America boosted their price objective on shares of Deere & Company from $478.00 to $484.00 in a research note on Monday, February 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Deere & Company from $485.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, February 20th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Deere & Company currently has a consensus rating of “Moderate Buy” and a consensus target price of $459.86, according to MarketBeat.
About Deere & Company
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Deere & Co manufactures and distributes equipment used in agriculture, construction, forestry and lawn care. It operates in the following segments: Agriculture & Turf, Construction & Forestry and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agricultural and turf equipment and related service parts.
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