MASTERINVEST Kapitalanlage GmbH Makes New Investment in Deere & Company $DE
by Sarita Garza · The Markets DailyMASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Deere & Company (NYSE:DE – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 7,110 shares of the industrial products company’s stock, valued at approximately $3,615,000.
Several other institutional investors also recently modified their holdings of DE. Brighton Jones LLC boosted its position in Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after buying an additional 1,278 shares during the period. Vestmark Advisory Solutions Inc. raised its position in Deere & Company by 616.6% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,966 shares of the industrial products company’s stock worth $2,331,000 after purchasing an additional 4,273 shares during the last quarter. Trivium Point Advisory LLC acquired a new position in Deere & Company during the 1st quarter worth about $250,000. Horizon Investments LLC grew its position in shares of Deere & Company by 3.2% in the 1st quarter. Horizon Investments LLC now owns 4,596 shares of the industrial products company’s stock valued at $2,157,000 after buying an additional 141 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Deere & Company by 19.4% in the first quarter. American Century Companies Inc. now owns 339,700 shares of the industrial products company’s stock valued at $159,438,000 after buying an additional 55,079 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
DE has been the topic of a number of recent analyst reports. Wolfe Research cut their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. UBS Group restated a “buy” rating on shares of Deere & Company in a report on Tuesday, November 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $560.00 price objective on shares of Deere & Company in a research note on Tuesday. DA Davidson reiterated a “buy” rating and set a $580.00 price objective on shares of Deere & Company in a research report on Monday, December 1st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Deere & Company in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $523.70.
Read Our Latest Stock Analysis on DE
Deere & Company Stock Performance
NYSE:DE opened at $485.35 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68. Deere & Company has a twelve month low of $403.01 and a twelve month high of $533.78. The company has a fifty day moving average of $469.02 and a 200-day moving average of $487.55. The firm has a market capitalization of $131.20 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.83 and a beta of 1.00.
Deere & Company (NYSE:DE – Get Free Report) last issued its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The company had revenue of $12.39 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the company earned $4.55 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current year.
Deere & Company Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st will be paid a $1.62 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. Deere & Company’s dividend payout ratio (DPR) is currently 35.01%.
Insider Activity at Deere & Company
In related news, CEO John C. May II sold 11,106 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $500.08, for a total value of $5,553,888.48. Following the completion of the sale, the chief executive officer directly owned 112,453 shares of the company’s stock, valued at $56,235,496.24. The trade was a 8.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.
Deere & Company Company Profile
Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.
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