DAVENPORT & Co LLC Buys 2,229 Shares of Deere & Company (NYSE:DE)

DAVENPORT & Co LLC increased its stake in shares of Deere & Company (NYSE:DEFree Report) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 139,088 shares of the industrial products company’s stock after purchasing an additional 2,229 shares during the quarter. DAVENPORT & Co LLC’s holdings in Deere & Company were worth $55,592,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DE. RB Capital Management LLC grew its position in Deere & Company by 5.2% in the 1st quarter. RB Capital Management LLC now owns 1,637 shares of the industrial products company’s stock valued at $680,000 after acquiring an additional 81 shares during the last quarter. Bornite Capital Management LP bought a new position in Deere & Company in the 1st quarter valued at $14,541,000. Retirement Income Solutions Inc bought a new position in Deere & Company in the 1st quarter valued at $229,000. Sequoia Financial Advisors LLC grew its position in Deere & Company by 27.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,442 shares of the industrial products company’s stock valued at $1,014,000 after acquiring an additional 521 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in Deere & Company by 32.4% in the 1st quarter. Baird Financial Group Inc. now owns 114,322 shares of the industrial products company’s stock valued at $47,496,000 after acquiring an additional 27,985 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.0 %

Shares of NYSE DE traded down $0.19 during mid-day trading on Tuesday, reaching $403.95. 1,164,485 shares of the company were exchanged, compared to its average volume of 1,522,639. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The stock has a market cap of $112.44 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 1.54 and a beta of 1.04. Deere & Company has a 1 year low of $345.55 and a 1 year high of $450.00. The firm has a 50-day moving average of $381.98 and a 200 day moving average of $381.45.

Deere & Company (NYSE:DEGet Free Report) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. The firm had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $6.55 EPS. On average, research analysts expect that Deere & Company will post 27.41 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is presently 17.12%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DE. Morgan Stanley began coverage on Deere & Company in a research report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Wells Fargo & Company lowered their target price on Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a report on Friday, February 16th. Evercore ISI upped their target price on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Finally, Melius Research reiterated a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $431.28.

View Our Latest Stock Analysis on DE

Deere & Company Company Profile

(Free Report)

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

Recommended Stories

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DEFree Report).

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.