Leonteq Securities AG Sells 1,905 Shares of Deere & Company $DE

Leonteq Securities AG lessened its holdings in Deere & Company (NYSE:DE) by 65.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,020 shares of the industrial products company’s stock after selling 1,905 shares during the period. Leonteq Securities AG’s holdings in Deere & Company were worth $575,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Strategic Advocates LLC purchased a new position in shares of Deere & Company in the 3rd quarter valued at $25,000. Portus Wealth Advisors LLC bought a new stake in Deere & Company during the first quarter valued at about $32,000. Key Capital Management INC purchased a new position in Deere & Company in the fourth quarter valued at about $27,000. Timmons Wealth Management LLC bought a new position in Deere & Company in the fourth quarter worth about $29,000. Finally, McIlrath & Eck LLC purchased a new stake in shares of Deere & Company during the fourth quarter valued at about $30,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DE shares. Oppenheimer reaffirmed an “outperform” rating and issued a $680.00 price objective (down from $715.00) on shares of Deere & Company in a research report on Wednesday, May 27th. Weiss Ratings raised shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a report on Monday, June 1st. Robert W. Baird dropped their target price on Deere & Company from $580.00 to $525.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Finally, Citigroup reduced their target price on Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $642.23.

Deere & Company Stock Performance

Shares of DE stock opened at $621.09 on Friday. The business has a fifty day moving average of $578.41 and a 200 day moving average of $562.69. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. 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 firm has a market capitalization of $167.66 billion, a price-to-earnings ratio of 35.19, a price-to-earnings-growth ratio of 2.30 and a beta of 0.89.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. During the same quarter in the previous year, the business earned $6.64 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Deere & Company will post 18.13 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s dividend payout ratio is 36.71%.

Deere & Company 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.