Stephens Inc. AR Sells 896 Shares of Deere & Company $DE

Stephens Inc. AR lowered its holdings in shares of Deere & Company (NYSE:DEFree Report) by 12.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,575 shares of the industrial products company’s stock after selling 896 shares during the period. Stephens Inc. AR’s holdings in Deere & Company were worth $3,703,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Anchyra Partners LLC grew its stake in Deere & Company by 0.5% in the 1st quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock valued at $1,797,000 after buying an additional 17 shares during the last quarter. William B. Walkup & Associates Inc. lifted its holdings in shares of Deere & Company by 0.6% during the first quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock worth $1,638,000 after buying an additional 17 shares in the last quarter. Cerro Pacific Wealth Advisors LLC boosted its position in shares of Deere & Company by 0.6% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company’s stock valued at $1,480,000 after acquiring an additional 19 shares during the period. Hazlett Burt & Watson Inc. grew its stake in shares of Deere & Company by 2.4% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company’s stock valued at $379,000 after acquiring an additional 19 shares in the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of Deere & Company by 2.2% in the fourth quarter. Root Financial Partners LLC now owns 880 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 19 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Down 1.2%

Shares of NYSE:DE opened at $596.64 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The company has a market capitalization of $161.06 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.23 and a beta of 0.89. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The company has a fifty day moving average of $580.63 and a 200-day moving average of $565.99.

Deere & Company (NYSE:DEGet Free Report) last posted its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same period in the previous year, the firm posted $6.64 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Deere & Company will post 18.13 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s payout ratio is 36.71%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Oppenheimer reiterated an “outperform” rating and issued a $680.00 price objective (down from $715.00) on shares of Deere & Company in a research note on Wednesday, May 27th. Bank of America lowered their target price on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Wolfe Research increased their price target on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada restated an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research note on Monday, June 1st. Finally, JPMorgan Chase & Co. boosted their price target on Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $642.23.

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Deere & Company Company Profile

(Free Report)

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.

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

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