Daiwa Securities Group Inc. Has $22.09 Million Stock Position in Deere & Company $DE

Daiwa Securities Group Inc. raised its stake in shares of Deere & Company (NYSE:DE) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,457 shares of the industrial products company’s stock after purchasing an additional 937 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Deere & Company were worth $22,094,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DE. Strategic Advocates LLC acquired a new stake in Deere & Company during the third quarter valued at approximately $25,000. Key Capital Management INC acquired a new stake in Deere & Company during the fourth quarter valued at approximately $27,000. McIlrath & Eck LLC acquired a new stake in Deere & Company during the fourth quarter valued at approximately $30,000. Wealth Watch Advisors INC acquired a new stake in Deere & Company during the third quarter valued at approximately $32,000. Finally, Tucker Asset Management LLC acquired a new stake in Deere & Company during the fourth quarter valued at approximately $34,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

DE stock opened at $583.80 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The company has a 50 day moving average price of $572.86 and a 200 day moving average price of $545.60. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The stock has a market capitalization of $157.59 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.20 and a beta of 0.92.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter in the previous year, the company posted $6.64 EPS. Deere & Company’s revenue was up 5.4% on a year-over-year basis. Analysts forecast that Deere & Company will post 18.08 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s payout ratio is currently 36.71%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DE. UBS Group lifted their target price on shares of Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research note on Friday, February 20th. DA Davidson cut their target price on shares of Deere & Company from $775.00 to $685.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Raymond James Financial cut their target price on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research note on Friday, May 22nd. Citigroup cut their target price on shares of Deere & Company from $625.00 to $595.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Finally, Wolfe Research lifted their target price on shares of Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and a consensus price target of $639.58.

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.