First Eagle Investment Management LLC Increases Stock Holdings in Deere & Company $DE

First Eagle Investment Management LLC lifted its stake in shares of Deere & Company (NYSE:DE) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 522,213 shares of the industrial products company’s stock after buying an additional 10,373 shares during the period. First Eagle Investment Management LLC’s holdings in Deere & Company were worth $243,127,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Csenge Advisory Group grew its stake in shares of Deere & Company by 84.9% in the 3rd quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock worth $3,402,000 after acquiring an additional 3,416 shares in the last quarter. Spectrum Financial Alliance Ltd LLC grew its stake in shares of Deere & Company by 55.8% in the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company’s stock worth $39,737,000 after acquiring an additional 30,553 shares in the last quarter. Compagnie Lombard Odier SCmA grew its stake in shares of Deere & Company by 66.1% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company’s stock worth $12,606,000 after acquiring an additional 10,974 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Deere & Company by 263.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 17,308 shares of the industrial products company’s stock worth $7,942,000 after acquiring an additional 12,551 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of Deere & Company by 14.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 21,174 shares of the industrial products company’s stock worth $9,682,000 after acquiring an additional 2,702 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

DE opened at $588.62 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21. The firm has a market cap of $158.99 billion, a P/E ratio of 33.18, a PEG ratio of 2.01 and a beta of 0.96. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The firm has a 50-day moving average of $584.67 and a 200 day moving average of $534.45.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.52. The firm had revenue of $9.61 billion during the quarter, compared to analyst estimates of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the business earned $3.19 earnings per share. On average, research analysts expect that Deere & Company will post 18.01 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were given 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 was Tuesday, March 31st. Deere & Company’s dividend payout ratio (DPR) is currently 36.53%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Deere & Company from $675.00 to $625.00 and set a “neutral” rating for the company in a research note on Monday, March 9th. UBS Group upped their target price on shares of Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Wolfe Research increased their price target on shares of Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Barclays increased their price target on shares of Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $655.45.

Deere & 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.