Capital International Inc. CA Has $52.03 Million Stock Position in Deere & Company $DE

Capital International Inc. CA boosted its position in shares of Deere & Company (NYSE:DE) by 106.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,758 shares of the industrial products company’s stock after purchasing an additional 57,560 shares during the quarter. Capital International Inc. CA’s holdings in Deere & Company were worth $52,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DE. Norges Bank bought a new stake in Deere & Company during the 4th quarter worth about $1,715,633,000. Northwestern Mutual Wealth Management Co. raised its holdings in Deere & Company by 1,725.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock worth $932,870,000 after purchasing an additional 1,893,972 shares during the last quarter. M&T Bank Corp raised its holdings in Deere & Company by 1,199.8% during the 4th quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company’s stock worth $868,149,000 after purchasing an additional 1,721,239 shares during the last quarter. Van ECK Associates Corp raised its holdings in Deere & Company by 278.0% during the 3rd quarter. Van ECK Associates Corp now owns 487,697 shares of the industrial products company’s stock worth $223,005,000 after purchasing an additional 358,687 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Deere & Company by 21.7% during the 3rd quarter. Invesco Ltd. now owns 1,815,007 shares of the industrial products company’s stock worth $829,930,000 after purchasing an additional 323,512 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on DE. Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a report on Monday, June 1st. Morgan Stanley upped their price target on Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. DA Davidson lowered their price target on Deere & Company from $775.00 to $685.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, BMO Capital Markets upped their price target on Deere & Company from $460.00 to $500.00 and gave the company a “market perform” rating in a research note on Friday, February 20th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $639.58.

Deere & Company Price Performance

Shares of DE opened at $583.80 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The stock has a 50 day simple moving average of $572.86 and a 200 day simple moving average of $545.60. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The firm has a market capitalization of $157.59 billion, a PE ratio of 33.08, a P/E/G ratio of 2.16 and a beta of 0.92.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping the consensus estimate of $5.70 by $0.85. The company had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $6.64 EPS. Sell-side analysts predict that Deere & Company will post 18.08 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is currently 36.71%.

Deere & Company Company Profile

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.