Berman Capital Advisors LLC Boosts Position in Deere & Company (DE)

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Berman Capital Advisors LLC boosted its stake in Deere & Company (NYSE:DE) by 36.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 410 shares of the industrial products company’s stock after purchasing an additional 110 shares during the period. Berman Capital Advisors LLC’s holdings in Deere & Company were worth $65,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DE. Vanguard Group Inc boosted its stake in shares of Deere & Company by 0.9% during the third quarter. Vanguard Group Inc now owns 22,698,615 shares of the industrial products company’s stock valued at $3,412,282,000 after purchasing an additional 210,597 shares in the last quarter. BKD Wealth Advisors LLC acquired a new stake in shares of Deere & Company during the fourth quarter valued at about $203,000. Assenagon Asset Management S.A. boosted its stake in shares of Deere & Company by 14.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,896 shares of the industrial products company’s stock valued at $880,000 after purchasing an additional 736 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Deere & Company by 8.9% during the fourth quarter. IFM Investors Pty Ltd now owns 17,736 shares of the industrial products company’s stock valued at $2,646,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Landmark Bank acquired a new stake in shares of Deere & Company during the fourth quarter valued at about $221,000. 67.05% of the stock is owned by institutional investors.

A number of analysts have recently commented on the company. Argus lifted their price target on Deere & Company to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Macquarie began coverage on Deere & Company in a research note on Wednesday, May 1st. They set an “outperform” rating on the stock. UBS Group began coverage on Deere & Company in a research report on Tuesday, April 23rd. They set a “neutral” rating and a $238.00 price objective for the company. JPMorgan Chase & Co. downgraded Deere & Company from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $154.00 to $132.00 in a research report on Tuesday, May 14th. Finally, Citigroup restated a “buy” rating and set a $170.00 price objective (down from $180.00) on shares of Deere & Company in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. Deere & Company currently has a consensus rating of “Hold” and an average target price of $161.50.

Shares of DE opened at $136.47 on Friday. Deere & Company has a 1 year low of $128.32 and a 1 year high of $169.99. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 2.37. The stock has a market cap of $44.24 billion, a PE ratio of 14.53, a P/E/G ratio of 1.72 and a beta of 0.90.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Friday, May 17th. The industrial products company reported $3.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.57 by ($0.05). The company had revenue of $10.27 billion for the quarter, compared to the consensus estimate of $10.19 billion. Deere & Company had a return on equity of 28.76% and a net margin of 8.52%. Deere & Company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.14 earnings per share. On average, research analysts anticipate that Deere & Company will post 10.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Friday, March 29th were issued a $0.76 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.04 dividend on an annualized basis and a yield of 2.23%. Deere & Company’s payout ratio is currently 32.37%.

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Deere & Company Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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

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