Deere & Company (NYSE:DE) Stock Position Increased by Donald L. Hagan LLC

Donald L. Hagan LLC raised its stake in shares of Deere & Company (NYSE:DE) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,973 shares of the industrial products company’s stock after buying an additional 81 shares during the period. Donald L. Hagan LLC’s holdings in Deere & Company were worth $1,395,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DE. Orion Capital Management LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $34,000. Mascagni Wealth Management Inc. acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $39,000. Dogwood Wealth Management LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $42,000. Sierra Ocean LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $44,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE stock opened at $517.01 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The stock has a market cap of $140.02 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.14 and a beta of 1.09. The firm has a 50 day simple moving average of $485.29 and a 200 day simple moving average of $468.18. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.72 by $0.92. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The firm had revenue of $11.17 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the company earned $8.53 earnings per share. The company’s revenue was down 17.9% compared to the same quarter last year. Research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company’s payout ratio is 31.35%.

Wall Street Analysts Forecast Growth

DE has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $490.00 to $540.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. UBS Group decreased their target price on shares of Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Wall Street Zen cut shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Friday, May 30th. Melius upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, Bank of America raised their target price on shares of Deere & Company from $495.00 to $556.00 and gave the stock a “neutral” rating in a report 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $515.19.

Deere & 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.