Voya Investment Management LLC Has $344.44 Million Position in Deere & Company $DE

Voya Investment Management LLC raised its holdings in shares of Deere & Company (NYSE:DE) by 97.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 733,871 shares of the industrial products company’s stock after buying an additional 361,526 shares during the quarter. Voya Investment Management LLC’s holdings in Deere & Company were worth $344,442,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Activest Wealth Management lifted its holdings in shares of Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Hughes Financial Services LLC acquired a new position in shares of Deere & Company during the first quarter worth approximately $29,000. Cornerstone Planning Group LLC lifted its holdings in shares of Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after buying an additional 36 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Deere & Company during the fourth quarter worth approximately $34,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Deere & Company during the fourth quarter worth approximately $39,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Deere & Company from $500.00 to $495.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Deere & Company in a report on Thursday, May 15th. Evercore ISI set a $491.00 price target on Deere & Company in a report on Tuesday, August 19th. Melius Research upgraded Deere & Company from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 6th. Finally, Oppenheimer boosted their price objective on Deere & Company from $560.00 to $566.00 and gave the company an “outperform” rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $520.87.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $476.24 on Friday. The business’s fifty day moving average price is $498.30 and its two-hundred day moving average price is $490.35. Deere & Company has a fifty-two week low of $383.10 and a fifty-two week high of $533.78. The stock has a market capitalization of $128.74 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 3.03 and a beta of 1.00. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the prior year, the business posted $6.29 earnings per share. The business’s revenue was down 9.0% compared to the same quarter last year. As a group, analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s dividend payout ratio is 33.87%.

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.