Deere & Company $DE Shares Sold by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP lessened its holdings in shares of Deere & Company (NYSE:DE) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,333 shares of the industrial products company’s stock after selling 1,095 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Deere & Company were worth $9,001,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Strategic Advocates LLC acquired a new stake in Deere & Company in the third quarter worth about $25,000. Key Capital Management INC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $27,000. Timmons Wealth Management LLC acquired a new position in shares of Deere & Company during the fourth quarter valued at about $29,000. McIlrath & Eck LLC purchased a new position in shares of Deere & Company in the 4th quarter valued at approximately $30,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of Deere & Company in the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Sanford C. Bernstein lifted their target price on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $560.00 to $590.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. Barclays lifted their price objective on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. BMO Capital Markets boosted their price objective on shares of Deere & Company from $460.00 to $500.00 and gave the company a “market perform” rating in a report on Friday, February 20th. Finally, Raymond James Financial cut their target price on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $639.58.

Deere & Company Price Performance

Shares of NYSE:DE opened at $577.05 on Friday. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. The company has a market cap of $155.77 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92. The company’s 50 day moving average is $573.27 and its 200 day moving average is $548.89.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating the consensus estimate of $5.70 by $0.85. The business had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $6.64 EPS. On average, sell-side analysts forecast that Deere & Company will post 18.13 EPS for the current year.

Deere & Company Announces Dividend

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

Deere & Company Company Profile

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.