Deere & Company (NYSE:DE) Position Raised by Kowal Investment Group LLC

Kowal Investment Group LLC increased its position in shares of Deere & Company (NYSE:DE) by 7.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 889 shares of the industrial products company’s stock after buying an additional 59 shares during the quarter. Kowal Investment Group LLC’s holdings in Deere & Company were worth $365,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DE. Norges Bank bought a new position in shares of Deere & Company in the fourth quarter valued at $1,248,036,000. International Assets Investment Management LLC grew its position in Deere & Company by 46,241.1% during the 4th quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock worth $336,142,000 after purchasing an additional 838,813 shares in the last quarter. Parnassus Investments LLC grew its position in Deere & Company by 22.4% during the 4th quarter. Parnassus Investments LLC now owns 3,856,171 shares of the industrial products company’s stock worth $1,541,967,000 after purchasing an additional 705,771 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Deere & Company by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,595,945 shares of the industrial products company’s stock worth $638,167,000 after purchasing an additional 160,369 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Deere & Company by 11.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,481,458 shares of the industrial products company’s stock worth $592,391,000 after purchasing an additional 150,713 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Insider Activity at Deere & Company

In related news, insider Cory J. Reed sold 13,370 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the completion of the sale, the insider now owns 41,642 shares of the company’s stock, valued at $15,725,268.46. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Deere & Company from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. TD Cowen boosted their price target on shares of Deere & Company from $383.00 to $390.00 and gave the company a “hold” rating in a report on Friday, May 17th. JPMorgan Chase & Co. lowered their price target on shares of Deere & Company from $425.00 to $385.00 and set a “neutral” rating on the stock in a report on Friday, May 17th. Morgan Stanley boosted their price target on shares of Deere & Company from $430.00 to $450.00 in a report on Wednesday, May 15th. Finally, DA Davidson lowered their price target on shares of Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $430.55.

Deere & Company Price Performance

Shares of NYSE DE traded down $10.53 during mid-day trading on Monday, hitting $363.10. 786,900 shares of the stock were exchanged, compared to its average volume of 1,512,866. The company has a market cap of $100.06 billion, a P/E ratio of 11.02, a PEG ratio of 1.50 and a beta of 0.93. The stock’s fifty day simple moving average is $385.32 and its two-hundred day simple moving average is $387.29. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.80 and a current ratio of 2.01. Deere & Company has a twelve month low of $353.15 and a twelve month high of $450.00.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, topping the consensus estimate of $7.86 by $0.67. The company had revenue of $13.61 billion during the quarter, compared to analyst estimates of $13.29 billion. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The company’s revenue was down 15.4% on a year-over-year basis. During the same quarter last year, the business posted $9.65 earnings per share. As a group, analysts forecast that Deere & Company will post 25.61 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 28th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, June 28th. Deere & Company’s dividend payout ratio is currently 17.70%.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.