Rathbone Brothers plc raised its holdings in shares of Deere & Company (NYSE:DE) by 221.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,680 shares of the industrial products company’s stock after acquiring an additional 10,120 shares during the period. Rathbone Brothers plc’s holdings in Deere & Company were worth $2,207,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of DE. Mount Yale Investment Advisors LLC acquired a new position in shares of Deere & Company during the 1st quarter valued at $100,000. Kaizen Advisory LLC grew its holdings in shares of Deere & Company by 158.4% in the 2nd quarter. Kaizen Advisory LLC now owns 796 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 488 shares during the last quarter. Winthrop Partners WNY LLC acquired a new position in shares of Deere & Company in the 1st quarter worth $114,000. Clarus Wealth Advisors acquired a new position in shares of Deere & Company in the 2nd quarter worth $118,000. Finally, Amussen Hunsaker Associates LLC acquired a new position in shares of Deere & Company in the 2nd quarter worth $122,000. Institutional investors own 66.40% of the company’s stock.
A number of equities analysts recently issued reports on DE shares. Deutsche Bank set a $155.00 target price on Deere & Company and gave the stock a “hold” rating in a report on Wednesday, September 5th. Wells Fargo & Co decreased their target price on Deere & Company from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, August 20th. JPMorgan Chase & Co. set a $145.00 target price on Deere & Company and gave the stock a “hold” rating in a report on Monday, August 13th. Citigroup decreased their target price on Deere & Company from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, June 20th. Finally, Credit Suisse Group decreased their target price on Deere & Company from $231.00 to $221.00 and set an “outperform” rating on the stock in a report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $177.75.
Shares of Deere & Company stock opened at $148.42 on Friday. The firm has a market capitalization of $48.36 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.79 and a beta of 0.87. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 2.59. Deere & Company has a 12 month low of $127.38 and a 12 month high of $175.26.
Deere & Company (NYSE:DE) last issued its earnings results on Friday, August 17th. The industrial products company reported $2.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.75 by ($0.16). The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.18 billion. Deere & Company had a return on equity of 28.51% and a net margin of 5.82%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the business earned $1.97 EPS. As a group, analysts predict that Deere & Company will post 9.5 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Friday, September 28th will be given a $0.69 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.76 annualized dividend and a dividend yield of 1.86%. Deere & Company’s dividend payout ratio (DPR) is presently 41.32%.
Deere & Company Company Profile
Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.
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