Deere & Company $DE Shares Bought by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Deere & Company (NYSE:DE) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,855 shares of the industrial products company’s stock after purchasing an additional 3,921 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Deere & Company were worth $21,349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Deere & Company during the 4th quarter worth approximately $175,000. Wealthspire Advisors LLC increased its position in Deere & Company by 97.8% during the 4th quarter. Wealthspire Advisors LLC now owns 3,151 shares of the industrial products company’s stock worth $1,467,000 after purchasing an additional 1,558 shares during the period. Columbia Bank increased its position in Deere & Company by 2.9% during the 4th quarter. Columbia Bank now owns 5,221 shares of the industrial products company’s stock worth $2,431,000 after purchasing an additional 148 shares during the period. Macquarie Group Ltd. increased its position in Deere & Company by 13.6% during the 4th quarter. Macquarie Group Ltd. now owns 36,201 shares of the industrial products company’s stock worth $16,854,000 after purchasing an additional 4,339 shares during the period. Finally, Circle Wealth Management LLC increased its position in Deere & Company by 1.4% during the 4th quarter. Circle Wealth Management LLC now owns 1,970 shares of the industrial products company’s stock worth $917,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE:DE opened at $577.05 on Friday. The business’s 50 day simple moving average is $573.27 and its 200-day simple moving average is $548.89. The firm has a market capitalization of $155.77 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.92. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. 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 quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. The business 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%.The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.64 EPS. As a group, equities analysts forecast that Deere & Company will post 18.13 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. Deere & Company’s dividend payout ratio is presently 36.71%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DE shares. Wolfe Research boosted their target price on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. UBS Group boosted their target price on Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Barclays boosted their target price on Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a research note on Monday, June 1st. Finally, BMO Capital Markets boosted their price target on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $639.58.

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.