Regents Gate Capital LLP Takes Position in Deere & Company $DE

Regents Gate Capital LLP acquired a new position in Deere & Company (NYSE:DE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,403 shares of the industrial products company’s stock, valued at approximately $8,102,000. Deere & Company comprises about 2.6% of Regents Gate Capital LLP’s holdings, making the stock its 20th largest holding.

Several other large investors have also recently modified their holdings of DE. Aviva PLC lifted its position in Deere & Company by 6.2% during the fourth quarter. Aviva PLC now owns 218,441 shares of the industrial products company’s stock valued at $101,700,000 after acquiring an additional 12,674 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in Deere & Company by 6.2% in the fourth quarter. Great Valley Advisor Group Inc. now owns 5,117 shares of the industrial products company’s stock worth $2,382,000 after purchasing an additional 299 shares during the last quarter. Kovack Advisors Inc. grew its holdings in Deere & Company by 112.5% in the fourth quarter. Kovack Advisors Inc. now owns 2,856 shares of the industrial products company’s stock worth $1,330,000 after purchasing an additional 1,512 shares during the last quarter. Compass Capital Management Inc. increased its position in shares of Deere & Company by 180.9% during the fourth quarter. Compass Capital Management Inc. now owns 15,223 shares of the industrial products company’s stock worth $7,087,000 after purchasing an additional 9,803 shares in the last quarter. Finally, ICICI Prudential Asset Management Co Ltd increased its position in shares of Deere & Company by 88.9% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 8,500 shares of the industrial products company’s stock worth $3,957,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 1.6%

Deere & Company stock opened at $569.09 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The business’s 50-day simple moving average is $573.17 and its two-hundred day simple moving average is $548.69. The company has a market cap of $153.62 billion, a PE ratio of 32.24, a PEG ratio of 2.07 and a beta of 0.92. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19.

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

Deere & Company Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DE shares. DA Davidson lowered their price objective on Deere & Company from $775.00 to $685.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Morgan Stanley increased their price target on Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a research note on Monday, June 1st. Jefferies Financial Group upgraded shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price objective on the stock in a report on Wednesday, April 8th. Finally, Barclays increased their price objective 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. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $639.58.

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.