Janus Henderson Group PLC Has $540.23 Million Holdings in Deere & Company $DE

Janus Henderson Group PLC lessened its holdings in Deere & Company (NYSE:DE) by 4.5% during the fourth quarter, HoldingsChannel reports. The fund owned 1,160,529 shares of the industrial products company’s stock after selling 54,235 shares during the quarter. Janus Henderson Group PLC’s holdings in Deere & Company were worth $540,228,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Advocates LLC acquired a new stake in shares of Deere & Company in the 3rd quarter worth about $25,000. Key Capital Management INC acquired a new stake in shares of Deere & Company in the 4th quarter worth about $27,000. Timmons Wealth Management LLC bought a new stake in Deere & Company in the 4th quarter worth about $29,000. McIlrath & Eck LLC bought a new stake in Deere & Company in the 4th quarter worth about $30,000. Finally, Wealth Watch Advisors INC bought a new stake in Deere & Company in the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DE shares. UBS Group upped their price objective on shares of Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Weiss Ratings raised shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Sanford C. Bernstein upped their price objective on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Oppenheimer reaffirmed an “outperform” rating and issued a $680.00 price objective (down from $715.00) on shares of Deere & Company in a research report on Wednesday, May 27th. Finally, Argus increased their target price on shares of Deere & Company from $540.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $639.58.

Deere & Company Stock Up 0.7%

Deere & Company stock opened at $589.13 on Thursday. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The firm has a 50 day moving average price of $573.78 and a 200-day moving average price of $551.52. The company has a market capitalization of $159.03 billion, a P/E ratio of 33.38, a P/E/G ratio of 2.17 and a beta of 0.92. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54.

Deere & Company (NYSE:DE) last released its quarterly earnings data 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 company had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. Deere & Company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $6.64 EPS. As a group, equities analysts predict that Deere & Company will post 18.13 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed 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 of this dividend is Tuesday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is 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.