DJE Kapital AG Acquires 30,411 Shares of Deere & Company $DE

DJE Kapital AG increased its holdings in shares of Deere & Company (NYSE:DE) by 4,344.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 31,111 shares of the industrial products company’s stock after acquiring an additional 30,411 shares during the period. DJE Kapital AG’s holdings in Deere & Company were worth $17,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Portus Wealth Advisors LLC purchased a new position in Deere & Company in the 1st quarter worth approximately $32,000. Key Capital Management INC purchased a new stake in Deere & Company during the 4th quarter valued at approximately $27,000. Timmons Wealth Management LLC purchased a new stake in Deere & Company during the 4th quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new stake in shares of Deere & Company during the fourth quarter valued at approximately $30,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of Deere & Company during the third quarter valued at approximately $32,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DE shares. Oppenheimer reissued an “outperform” rating and issued a $680.00 target price (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Bank of America cut their target price on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Citigroup lifted their price target on shares of Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Jefferies Financial Group raised shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price objective for the company in a report on Wednesday, April 8th. Finally, Barclays raised their price objective on Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $642.98.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $586.13 on Tuesday. The firm has a fifty day simple moving average of $582.50 and a two-hundred day simple moving average of $572.84. Deere & Company has a 52 week low of $433.00 and a 52 week 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 stock has a market capitalization of $158.22 billion, a P/E ratio of 33.21, a PEG ratio of 2.21 and a beta of 0.89.

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

Deere & Company Dividend Announcement

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