Lbp Am Sa Buys 6,488 Shares of Deere & Company $DE

Lbp Am Sa boosted its stake in shares of Deere & Company (NYSE:DEFree Report) by 48.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,842 shares of the industrial products company’s stock after buying an additional 6,488 shares during the period. Lbp Am Sa’s holdings in Deere & Company were worth $9,238,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DE. Strategic Advocates LLC bought a new position in Deere & Company during the third quarter valued at $25,000. Activest Wealth Management raised its stake in shares of Deere & Company by 69.2% in the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 27 shares during the period. Wealth Watch Advisors INC bought a new stake in shares of Deere & Company in the 3rd quarter worth about $32,000. United Community Bank boosted its stake in shares of Deere & Company by 67.3% during the 3rd quarter. United Community Bank now owns 92 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 37 shares during the period. Finally, GoalVest Advisory LLC boosted its stake in shares of Deere & Company by 56.7% during the 4th quarter. GoalVest Advisory LLC now owns 94 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 34 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Up 1.3%

Shares of DE opened at $584.03 on Friday. The firm has a market capitalization of $157.75 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 2.02 and a beta of 0.98. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The company has a 50-day moving average of $594.97 and a 200 day moving average of $520.42.

Deere & Company (NYSE:DEGet Free Report) last issued its earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $7.50 billion. During the same period in the prior year, the firm earned $3.19 EPS. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, research analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date is Tuesday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is currently 36.53%.

Trending Headlines about Deere & Company

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Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DE shares. Royal Bank Of Canada increased their price objective on shares of Deere & Company from $541.00 to $736.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Jefferies Financial Group upgraded Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 target price for the company in a research report on Wednesday, April 8th. BMO Capital Markets upped their target price on Deere & Company from $460.00 to $500.00 and gave the company a “market perform” rating in a research note on Friday, February 20th. Citigroup reduced their price target on Deere & Company from $675.00 to $625.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Finally, UBS Group raised their price target on Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $655.45.

View Our Latest Report on Deere & Company

Deere & 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.

Further Reading

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

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