Deere & Company $DE Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its stake in Deere & Company (NYSE:DE) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 754,833 shares of the industrial products company’s stock after selling 17,538 shares during the quarter. Deutsche Bank AG’s holdings in Deere & Company were worth $351,428,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Strategic Advocates LLC acquired a new position in shares of Deere & Company in the third quarter worth $25,000. Key Capital Management INC acquired a new stake in shares of Deere & Company during the fourth quarter valued at $27,000. McIlrath & Eck LLC acquired a new stake in shares of Deere & Company during the fourth quarter valued at $30,000. Wealth Watch Advisors INC purchased a new stake in Deere & Company during the 3rd quarter worth about $32,000. Finally, Tucker Asset Management LLC purchased a new stake in Deere & Company during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the subject of several analyst reports. UBS Group boosted their target price on shares of Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Citigroup cut their price objective on shares of Deere & Company from $625.00 to $595.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research note on Monday, June 1st. Oppenheimer restated an “outperform” rating and set a $680.00 target price (down from $715.00) on shares of Deere & Company in a research report on Wednesday, May 27th. Finally, Wells Fargo & Company lifted their target price on shares of Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” 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 stock. According to data from MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and a consensus price target of $639.58.

Deere & Company Stock Performance

NYSE:DE opened at $560.95 on Thursday. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. The company has a market cap of $151.42 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.14 and a beta of 0.92. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The firm’s 50 day moving average is $573.05 and its two-hundred day moving average is $548.11.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating 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% compared to the same quarter last year. During the same period in the previous year, the company earned $6.64 EPS. Analysts expect that Deere & Company will post 18.1 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be issued a $1.62 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.2%. Deere & Company’s dividend payout ratio (DPR) is presently 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.