Deere & Company (NYSE:DE) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR lifted its stake in shares of Deere & Company (NYSE:DEFree Report) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,112 shares of the industrial products company’s stock after acquiring an additional 1,028 shares during the period. Stephens Inc. AR’s holdings in Deere & Company were worth $3,244,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DE. Morgan Stanley lifted its position in Deere & Company by 1.3% during the third quarter. Morgan Stanley now owns 5,089,159 shares of the industrial products company’s stock worth $1,920,548,000 after buying an additional 65,006 shares during the period. FMR LLC lifted its position in Deere & Company by 6.6% during the third quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock worth $1,650,767,000 after buying an additional 269,571 shares during the period. Parnassus Investments LLC lifted its position in Deere & Company by 22.4% during the fourth quarter. Parnassus Investments LLC now owns 3,856,171 shares of the industrial products company’s stock worth $1,541,967,000 after buying an additional 705,771 shares during the period. Norges Bank purchased a new position in Deere & Company during the fourth quarter worth about $1,248,036,000. Finally, Northern Trust Corp lifted its position in Deere & Company by 2.5% during the third quarter. Northern Trust Corp now owns 3,061,715 shares of the industrial products company’s stock worth $1,155,430,000 after buying an additional 73,601 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE DE opened at $368.58 on Friday. Deere & Company has a fifty-two week low of $353.15 and a fifty-two week high of $450.00. The business has a 50 day moving average price of $393.88 and a two-hundred day moving average price of $386.05. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81. The firm has a market cap of $101.57 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.48 and a beta of 0.98.

Deere & Company (NYSE:DEGet Free Report) last issued its quarterly earnings data on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, beating analysts’ consensus estimates of $7.86 by $0.67. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The firm had revenue of $13.61 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter last year, the firm earned $9.65 EPS. Deere & Company’s quarterly revenue was down 15.4% on a year-over-year basis. Sell-side analysts expect that Deere & Company will post 25.73 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 28th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.88 dividend on an annualized basis and a yield of 1.60%. Deere & Company’s dividend payout ratio (DPR) is presently 17.70%.

Analysts Set New Price Targets

Several research firms recently weighed in on DE. Oppenheimer reiterated an “outperform” rating and set a $456.00 target price on shares of Deere & Company in a research report on Thursday, May 16th. Morgan Stanley raised their price objective on Deere & Company from $430.00 to $450.00 in a report on Wednesday, May 15th. TD Cowen raised their price objective on Deere & Company from $383.00 to $390.00 and gave the stock a “hold” rating in a report on Friday, May 17th. 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 report on Friday, February 16th. Finally, Evercore ISI raised their price objective on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $433.36.

View Our Latest Stock Analysis on Deere & Company

About Deere & Company

(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.

See Also

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

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