Deere & Company (NYSE:DE) Shares Bought by Donaldson Capital Management LLC

Donaldson Capital Management LLC increased its stake in Deere & Company (NYSE:DE) by 14.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 707 shares of the industrial products company’s stock after acquiring an additional 90 shares during the quarter. Donaldson Capital Management LLC’s holdings in Deere & Company were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DE. Orion Capital Management LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at approximately $34,000. Mascagni Wealth Management Inc. bought a new stake in Deere & Company in the fourth quarter worth approximately $39,000. Dogwood Wealth Management LLC acquired a new position in shares of Deere & Company during the 4th quarter worth $42,000. Wood Tarver Financial Group LLC bought a new position in shares of Deere & Company during the 4th quarter valued at $43,000. Finally, Sierra Ocean LLC bought a new stake in Deere & Company in the fourth quarter worth $44,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on DE shares. DA Davidson reissued a “buy” rating and set a $542.00 price objective on shares of Deere & Company in a report on Friday, May 16th. JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $490.00 to $540.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Barclays upped their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Baird R W downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Melius Research raised shares of Deere & Company from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Deere & Company presently has an average rating of “Hold” and a consensus price target of $515.19.

Deere & Company Price Performance

Deere & Company stock opened at $520.72 on Thursday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. The stock has a market capitalization of $141.03 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09. The stock has a fifty day moving average of $483.40 and a 200-day moving average of $467.81.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the business posted $8.53 earnings per share. On average, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.24%. The ex-dividend date is Monday, June 30th. Deere & Company’s payout ratio is currently 31.35%.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.