Banque Transatlantique SA Decreases Stock Position in Deere & Company $DE

Banque Transatlantique SA cut its position in Deere & Company (NYSE:DE) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,062 shares of the industrial products company’s stock after selling 1,417 shares during the quarter. Deere & Company comprises about 0.8% of Banque Transatlantique SA’s holdings, making the stock its 26th largest position. Banque Transatlantique SA’s holdings in Deere & Company were worth $32,268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tempo Wealth LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at approximately $471,000. MidFirst Bank bought a new stake in Deere & Company during the 4th quarter valued at $1,169,000. DGS Capital Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth $319,000. River Road Asset Management LLC boosted its holdings in shares of Deere & Company by 55.1% in the fourth quarter. River Road Asset Management LLC now owns 183,258 shares of the industrial products company’s stock worth $85,319,000 after acquiring an additional 65,125 shares during the period. Finally, SG Trading Solutions LLC purchased a new position in shares of Deere & Company in the fourth quarter valued at $542,000. Institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DE. Citigroup dropped their price objective on Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Robert W. Baird decreased their target price on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Wolfe Research lifted their price objective on Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. UBS Group upped their target price on Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Morgan Stanley lifted their price target on Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $639.58.

Deere & Company Stock Performance

Deere & Company stock opened at $590.37 on Friday. The firm has a fifty day simple moving average of $574.09 and a two-hundred day simple moving average of $552.39. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The company has a market capitalization of $159.36 billion, a PE ratio of 33.45, a P/E/G ratio of 2.18 and a beta of 0.92.

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

Deere & Company Announces Dividend

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

About Deere & Company

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.