Altshuler Shaham Ltd Has $98.90 Million Holdings in Deere & Company (NYSE:DE)

Altshuler Shaham Ltd trimmed its position in Deere & Company (NYSE:DE) by 69.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 247,323 shares of the industrial products company’s stock after selling 562,713 shares during the period. Deere & Company accounts for 5.4% of Altshuler Shaham Ltd’s portfolio, making the stock its 8th biggest position. Altshuler Shaham Ltd’s holdings in Deere & Company were worth $98,897,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Briaud Financial Planning Inc bought a new position in shares of Deere & Company in the third quarter worth approximately $25,000. ZRC Wealth Management LLC purchased a new stake in Deere & Company during the 4th quarter valued at $28,000. Rakuten Securities Inc. purchased a new position in shares of Deere & Company in the fourth quarter worth $28,000. Naples Money Management LLC bought a new position in Deere & Company during the 4th quarter valued at about $29,000. Finally, Bfsg LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at about $30,000. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Citigroup reduced their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Deutsche Bank Aktiengesellschaft dropped their target price on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Evercore ISI raised their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $433.28.

Deere & Company Trading Up 0.9 %

DE traded up $3.62 during trading on Thursday, reaching $409.04. The company had a trading volume of 994,202 shares, compared to its average volume of 1,446,885. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00. The stock has a market cap of $113.86 billion, a P/E ratio of 11.91, a PEG ratio of 1.51 and a beta of 1.04. The business has a 50 day simple moving average of $393.94 and a 200-day simple moving average of $384.38.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. The firm had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $6.55 EPS. On average, equities analysts anticipate that Deere & Company will post 27.37 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th were issued a $1.47 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.88 annualized dividend and a dividend yield of 1.44%. Deere & Company’s payout ratio is 17.12%.

Deere & Company Profile

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.