Mn Services Vermogensbeheer B.V. increased its stake in shares of Deere & Company (NYSE:DE) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,473 shares of the industrial products company’s stock after purchasing an additional 1,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Deere & Company were worth $7,437,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Kaizen Advisory LLC lifted its holdings in shares of Deere & Company by 158.4% during the second quarter. Kaizen Advisory LLC now owns 796 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 488 shares during the period. Amussen Hunsaker Associates LLC acquired a new stake in shares of Deere & Company during the second quarter worth $122,000. Sun Life Financial INC lifted its holdings in shares of Deere & Company by 283.8% during the second quarter. Sun Life Financial INC now owns 879 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 650 shares during the period. Psagot Investment House Ltd. acquired a new stake in shares of Deere & Company during the second quarter worth $130,000. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of Deere & Company by 82.2% during the second quarter. Salem Investment Counselors Inc. now owns 1,108 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 500 shares during the period. 66.47% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on Deere & Company from $193.00 to $190.00 and set a “buy” rating for the company in a report on Monday, August 20th. UBS Group cut their price objective on Deere & Company from $185.00 to $177.00 and set a “buy” rating for the company in a research report on Friday, July 20th. Deutsche Bank set a $155.00 price objective on Deere & Company and gave the stock a “hold” rating in a research report on Wednesday, September 5th. Wells Fargo & Co cut their price objective on Deere & Company from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 20th. Finally, OTR Global cut Deere & Company to a “$139.21” rating in a research report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $177.75.
NYSE:DE opened at $142.65 on Tuesday. The firm has a market capitalization of $45.59 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.16 and a beta of 0.97. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.91 and a quick ratio of 1.66. Deere & Company has a 1 year low of $128.32 and a 1 year high of $175.26.
Deere & Company (NYSE:DE) last announced its quarterly earnings results on Friday, August 17th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.16). Deere & Company had a net margin of 5.82% and a return on equity of 28.51%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.18 billion. During the same quarter in the prior year, the business earned $1.97 EPS. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Deere & Company will post 9.51 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Friday, September 28th were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Thursday, September 27th. Deere & Company’s dividend payout ratio is currently 41.32%.
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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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