Deere & Company $DE Stock Position Increased by MUFG Securities EMEA plc

MUFG Securities EMEA plc lifted its position in Deere & Company (NYSE:DE) by 113.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,307 shares of the industrial products company’s stock after buying an additional 5,486 shares during the quarter. MUFG Securities EMEA plc’s holdings in Deere & Company were worth $4,799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DE. Strategic Advocates LLC bought a new stake in shares of Deere & Company in the 3rd quarter worth $25,000. Key Capital Management INC bought a new stake in shares of Deere & Company in the 4th quarter worth $27,000. McIlrath & Eck LLC bought a new stake in shares of Deere & Company in the 4th quarter worth $30,000. Wealth Watch Advisors INC bought a new stake in shares of Deere & Company in the 3rd quarter worth $32,000. Finally, Tucker Asset Management LLC bought a new stake in shares of Deere & Company in the 4th quarter worth $34,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 0.0%

Shares of Deere & Company stock opened at $542.34 on Monday. The stock’s fifty day moving average is $572.29 and its 200-day moving average is $542.55. The firm has a market capitalization of $146.40 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92. 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 12-month low of $433.00 and a 12-month high of $674.19.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. The company had revenue of $13.37 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.64 earnings per share. Equities analysts anticipate that Deere & Company will post 18.08 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.2%. Deere & Company’s payout ratio is 36.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DE. Robert W. Baird dropped their price objective on Deere & Company from $580.00 to $525.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Morgan Stanley boosted their price objective on Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Raymond James Financial dropped their price objective on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. BMO Capital Markets boosted their target price on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Finally, Sanford C. Bernstein boosted their target price on Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Fifteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $638.08.

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.