MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Makes New Investment in Deere & Company (NYSE:DE)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Deere & Company (NYSE:DE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 425 shares of the industrial products company’s stock, valued at approximately $177,000.

A number of other institutional investors also recently modified their holdings of the company. SageView Advisory Group LLC lifted its holdings in shares of Deere & Company by 188.4% in the fourth quarter. SageView Advisory Group LLC now owns 3,464 shares of the industrial products company’s stock valued at $1,375,000 after purchasing an additional 2,263 shares in the last quarter. MONECO Advisors LLC boosted its holdings in Deere & Company by 42.7% during the 4th quarter. MONECO Advisors LLC now owns 945 shares of the industrial products company’s stock worth $378,000 after acquiring an additional 283 shares during the last quarter. Cullen Investment Group LTD. grew its stake in shares of Deere & Company by 0.8% in the 1st quarter. Cullen Investment Group LTD. now owns 28,303 shares of the industrial products company’s stock worth $11,434,000 after acquiring an additional 236 shares in the last quarter. Leibman Financial Services Inc. grew its stake in shares of Deere & Company by 13.2% in the 1st quarter. Leibman Financial Services Inc. now owns 13,078 shares of the industrial products company’s stock worth $5,371,000 after acquiring an additional 1,526 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Deere & Company by 49.2% in the first quarter. CWM LLC now owns 23,490 shares of the industrial products company’s stock valued at $9,648,000 after purchasing an additional 7,746 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Price Performance

Deere & Company stock opened at $407.72 on Tuesday. The firm has a market capitalization of $112.36 billion, a P/E ratio of 12.27, a PEG ratio of 1.35 and a beta of 0.92. Deere & Company has a one year low of $340.20 and a one year high of $420.47. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. The business has a fifty day moving average price of $388.27 and a 200-day moving average price of $385.25.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The business had revenue of $11.39 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same quarter last year, the company earned $10.20 EPS. The firm’s revenue was down 20.3% compared to the same quarter last year. As a group, equities research analysts forecast that Deere & Company will post 25.03 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Monday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 17.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Raymond James started coverage on shares of Deere & Company in a research report on Friday, June 28th. They issued an “outperform” rating and a $420.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a report on Friday. Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Oppenheimer lowered their target price on Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Finally, Bank of America increased their price target on shares of Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $420.69.

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.