Russell Investments Group Ltd. cut its position in Deere & Company (NYSE:DE) by 2.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 71,321 shares of the industrial products company’s stock after selling 1,977 shares during the quarter. Russell Investments Group Ltd.’s holdings in Deere & Company were worth $9,944,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Deere & Company during the 4th quarter valued at $624,150,000. Parnassus Investments CA raised its position in shares of Deere & Company by 52.3% during the 1st quarter. Parnassus Investments CA now owns 3,684,560 shares of the industrial products company’s stock valued at $509,059,000 after buying an additional 1,264,927 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Deere & Company by 19.3% during the 4th quarter. Janus Henderson Group PLC now owns 3,529,749 shares of the industrial products company’s stock valued at $611,557,000 after buying an additional 571,773 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Deere & Company during the 4th quarter valued at $89,931,000. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at $85,260,000. Institutional investors and hedge funds own 67.55% of the company’s stock.

Shares of Deere & Company stock opened at $142.81 on Friday. The firm has a market cap of $44.63 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. Deere & Company has a 12-month low of $106.14 and a 12-month high of $181.99. The company has a quick ratio of 1.84, a current ratio of 2.12 and a debt-to-equity ratio of 2.55. The company’s fifty day simple moving average is $137.18 and its two-hundred day simple moving average is $158.07.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.35. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.17 billion. Deere & Company had a net margin of 8.41% and a return on equity of 26.92%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.54 EPS. As a group, sell-side analysts expect that Deere & Company will post 6.09 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Monday, March 30th. Deere & Company’s dividend payout ratio (DPR) is presently 30.58%.

Several analysts have recently weighed in on DE shares. Robert W. Baird cut shares of Deere & Company from an “outperform” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a research report on Monday, April 13th. Deutsche Bank increased their target price on shares of Deere & Company from $169.00 to $175.00 and gave the company a “hold” rating in a report on Monday, February 24th. Citigroup reduced their target price on shares of Deere & Company from $155.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday. Goldman Sachs Group reduced their target price on shares of Deere & Company from $208.00 to $182.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 target price on shares of Deere & Company in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $168.04.

Deere & Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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