Compagnie Lombard Odier SCmA Sells 941 Shares of Deere & Company (NYSE:DE)

Compagnie Lombard Odier SCmA lowered its stake in Deere & Company (NYSE:DE) by 5.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,054 shares of the industrial products company’s stock after selling 941 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Deere & Company were worth $8,004,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quent Capital LLC raised its stake in Deere & Company by 2.8% during the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company’s stock valued at $377,000 after buying an additional 24 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Deere & Company by 0.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company’s stock valued at $3,398,000 after purchasing an additional 24 shares during the period. Coppell Advisory Solutions LLC raised its holdings in shares of Deere & Company by 2.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company’s stock valued at $432,000 after buying an additional 25 shares during the last quarter. Glen Eagle Advisors LLC boosted its position in shares of Deere & Company by 0.9% during the fourth quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company’s stock worth $1,244,000 after buying an additional 25 shares during the period. Finally, Marks Group Wealth Management Inc boosted its stake in Deere & Company by 0.8% during the 4th quarter. Marks Group Wealth Management Inc now owns 3,156 shares of the industrial products company’s stock valued at $1,337,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 1.0%

NYSE:DE opened at $520.72 on Thursday. The firm has a 50-day moving average price of $483.40 and a two-hundred day moving average price of $467.81. The firm has a market cap of $141.03 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. 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 (NYSE:DE) last posted its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating the consensus estimate of $5.72 by $0.92. The business had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Deere & Company’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.53 earnings per share. On average, equities analysts expect that Deere & Company will post 19.32 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 Friday, August 8th. Investors of record on Monday, June 30th will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.24%. Deere & Company’s dividend payout ratio (DPR) is presently 31.35%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DE shares. DA Davidson reiterated a “buy” rating and issued a $542.00 price target on shares of Deere & Company in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $490.00 to $540.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Oppenheimer increased their target price on shares of Deere & Company from $513.00 to $555.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. Finally, Barclays boosted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Deere & Company presently has an average rating of “Hold” and an average target price of $515.19.

Deere & Company Company Profile

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.