Banco Bilbao Vizcaya Argentaria S.A. Purchases 1,127 Shares of Deere & Company $DE

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Deere & Company (NYSE:DE) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,254 shares of the industrial products company’s stock after purchasing an additional 1,127 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Deere & Company were worth $10,172,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Howard Hughes Medical Institute acquired a new position in shares of Deere & Company during the 2nd quarter worth about $27,000. Activest Wealth Management grew its holdings in Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after buying an additional 27 shares during the last quarter. Wealth Watch Advisors INC acquired a new stake in Deere & Company in the 3rd quarter valued at approximately $32,000. United Community Bank increased its position in Deere & Company by 67.3% in the 3rd quarter. United Community Bank now owns 92 shares of the industrial products company’s stock worth $42,000 after buying an additional 37 shares during the period. Finally, Lynch Asset Management Inc. bought a new position in Deere & Company in the 3rd quarter worth approximately $46,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Price Performance

Shares of DE stock opened at $577.42 on Monday. Deere & Company has a 12 month low of $404.42 and a 12 month high of $674.19. The company has a market capitalization of $155.97 billion, a P/E ratio of 32.55, a P/E/G ratio of 2.02 and a beta of 0.96. The stock has a 50 day moving average of $564.21 and a two-hundred day moving average of $503.15. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. The business had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.Deere & Company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.19 earnings per share. As a group, equities analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Deere & Company’s payout ratio is 36.53%.

Wall Street Analyst Weigh In

DE has been the subject of several research reports. UBS Group increased their price objective on Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, February 20th. DA Davidson boosted their target price on shares of Deere & Company from $580.00 to $775.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Deere & Company in a research note on Monday, December 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a report on Monday, December 29th. Finally, Raymond James Financial restated an “outperform” rating and issued a $765.00 price target on shares of Deere & Company in a research report on Monday, February 23rd. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and an average target price of $644.70.

Insiders Place Their Bets

In other news, CEO John C. May II sold 41,472 shares of the stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total value of $20,797,793.28. Following the completion of the transaction, the chief executive officer owned 117,970 shares in the company, valued at approximately $59,160,775.30. This represents a 26.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares of the company’s stock, valued at $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

Deere & Company Profile

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.