Vanguard Personalized Indexing Management LLC Purchases 1,540 Shares of Deere & Company $DE

Vanguard Personalized Indexing Management LLC lifted its stake in Deere & Company (NYSE:DE) by 4.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 38,291 shares of the industrial products company’s stock after purchasing an additional 1,540 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Deere & Company were worth $17,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Strategic Advocates LLC bought a new position in shares of Deere & Company in the third quarter worth $25,000. Key Capital Management INC bought a new position in shares of Deere & Company in the fourth quarter worth $27,000. Timmons Wealth Management LLC bought a new position in shares of Deere & Company in the fourth quarter worth $29,000. McIlrath & Eck LLC bought a new position in shares of Deere & Company in the fourth quarter worth $30,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Deere & Company in the third quarter worth $32,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Trading Down 0.1%

NYSE DE opened at $577.05 on Monday. The stock’s 50-day simple moving average is $573.27 and its two-hundred day simple moving average is $549.31. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $155.77 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.14 and a beta of 0.92.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. The firm had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.64 earnings per share. Research analysts forecast that Deere & Company will post 18.13 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DE. Morgan Stanley raised their price target on Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Jefferies Financial Group raised Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price target for the company in a report on Wednesday, April 8th. Wolfe Research raised their price target on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. BMO Capital Markets increased their price objective on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Finally, Weiss Ratings raised Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $639.58.

About Deere & Company

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.