Northwestern Mutual Investment Management Company LLC lifted its holdings in Deere & Company (NYSE:DE) by 34.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,411 shares of the industrial products company’s stock after acquiring an additional 4,180 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Deere & Company were worth $2,267,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Atlas Private Wealth Management purchased a new stake in shares of Deere & Company in the fourth quarter worth about $29,000. Solstein Capital LLC purchased a new stake in shares of Deere & Company in the fourth quarter worth about $35,000. Danda Trouve Investment Management Inc. purchased a new stake in shares of Deere & Company in the fourth quarter worth about $35,000. Wealth Quarterback LLC purchased a new stake in shares of Deere & Company in the fourth quarter worth about $38,000. Finally, MBE Wealth Management LLC purchased a new stake in shares of Deere & Company in the first quarter worth about $35,000. Institutional investors own 67.55% of the company’s stock.
Shares of NYSE DE opened at $140.71 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.84 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $44.79 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 3.35 and a beta of 0.93. The stock’s fifty day simple moving average is $137.27 and its two-hundred day simple moving average is $157.92. Deere & Company has a 12-month low of $106.14 and a 12-month high of $181.99.
Deere & Company (NYSE:DE) last announced its earnings results on Friday, May 22nd. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.12. The business had revenue of $8.22 billion for the quarter, compared to analysts’ expectations of $7.68 billion. Deere & Company had a return on equity of 26.92% and a net margin of 8.41%. The business’s revenue for the quarter was down 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.52 EPS. On average, equities analysts predict that Deere & Company will post 6.09 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $3.04 annualized dividend and a yield of 2.16%. Deere & Company’s dividend payout ratio (DPR) is presently 30.58%.
A number of equities research analysts have issued reports on the company. Barclays upped their price objective on Deere & Company from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Robert W. Baird downgraded Deere & Company from an “outperform” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a research report on Monday, April 13th. Goldman Sachs Group decreased their price objective on Deere & Company from $208.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. BMO Capital Markets upped their price objective on Deere & Company to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, Argus restated a “buy” rating and set a $166.65 price objective (down from $185.00) on shares of Deere & Company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $168.04.
Deere & Company Profile
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
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