Deere & Company (NYSE:DE) Stock Holdings Lifted by Quilter Plc

Quilter Plc grew its position in Deere & Company (NYSE:DE) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,676 shares of the industrial products company’s stock after purchasing an additional 255 shares during the period. Quilter Plc’s holdings in Deere & Company were worth $2,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Essex Savings Bank raised its holdings in Deere & Company by 0.5% during the fourth quarter. Essex Savings Bank now owns 5,367 shares of the industrial products company’s stock valued at $2,146,000 after buying an additional 26 shares in the last quarter. Valley National Advisers Inc. boosted its position in Deere & Company by 1.5% during the fourth quarter. Valley National Advisers Inc. now owns 1,879 shares of the industrial products company’s stock worth $751,000 after purchasing an additional 27 shares during the period. Bleakley Financial Group LLC grew its holdings in Deere & Company by 0.5% during the fourth quarter. Bleakley Financial Group LLC now owns 5,158 shares of the industrial products company’s stock valued at $2,063,000 after purchasing an additional 27 shares during the last quarter. Simplicity Solutions LLC lifted its stake in shares of Deere & Company by 0.5% in the fourth quarter. Simplicity Solutions LLC now owns 5,158 shares of the industrial products company’s stock worth $2,063,000 after buying an additional 27 shares during the last quarter. Finally, Blue Chip Partners LLC grew its stake in Deere & Company by 2.3% in the 4th quarter. Blue Chip Partners LLC now owns 1,223 shares of the industrial products company’s stock valued at $489,000 after buying an additional 27 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Price Performance

Shares of DE traded down $4.28 on Friday, hitting $374.96. The company’s stock had a trading volume of 1,511,751 shares, compared to its average volume of 1,459,758. The company has a market capitalization of $104.37 billion, a PE ratio of 11.29, a PEG ratio of 1.51 and a beta of 1.04. Deere & Company has a fifty-two week low of $345.55 and a fifty-two week high of $450.00. The company has a 50 day moving average price of $399.76 and a 200 day moving average price of $386.52. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, May 16th. The industrial products company reported $8.53 EPS for the quarter, topping analysts’ consensus estimates of $7.86 by $0.67. The company had revenue of $13.61 billion for the quarter, compared to analyst estimates of $13.29 billion. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The business’s revenue was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.65 earnings per share. On average, research analysts anticipate that Deere & Company will post 25.8 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Wednesday, March 27th. Deere & Company’s dividend payout ratio is currently 17.70%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Deere & Company from $425.00 to $450.00 and gave the company a “buy” rating in a report on Friday, May 17th. JPMorgan Chase & Co. lowered their target price on Deere & Company from $425.00 to $385.00 and set a “neutral” rating on the stock in a report on Friday, May 17th. Truist Financial initiated coverage on Deere & Company in a research report on Thursday, March 14th. They issued a “buy” rating and a $494.00 price objective for the company. Citigroup dropped their target price on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Finally, Evercore ISI increased their price target on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $432.92.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.