Vaughan David Investments LLC IL Sells 1,048 Shares of Deere & Company $DE

by · The Markets Daily

Vaughan David Investments LLC IL trimmed its position in shares of Deere & Company (NYSE:DE – Free Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,542 shares of the industrial products company’s stock after selling 1,048 shares during the quarter. Deere & Company accounts for approximately 1.5% of Vaughan David Investments LLC IL’s portfolio, making the stock its 10th largest holding. Vaughan David Investments LLC IL owned about 0.06% of Deere & Company worth $71,019,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Deere & Company by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company’s stock worth $10,514,053,000 after buying an additional 198,332 shares in the last quarter. Capital World Investors boosted its holdings in Deere & Company by 53.9% during the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after buying an additional 3,358,264 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Deere & Company by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 5,600,552 shares of the industrial products company’s stock worth $2,609,149,000 after buying an additional 17,269 shares in the last quarter. Norges Bank purchased a new stake in Deere & Company during the fourth quarter worth about $1,715,633,000. Finally, Fisher Asset Management LLC boosted its holdings in Deere & Company by 4.8% during the fourth quarter. Fisher Asset Management LLC now owns 2,853,156 shares of the industrial products company’s stock worth $1,328,344,000 after buying an additional 131,138 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

NYSE:DE opened at $569.09 on Friday. The firm has a 50 day simple moving average of $573.17 and a 200-day simple moving average of $548.69. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The firm has a market cap of $153.62 billion, a PE ratio of 32.24, a P/E/G ratio of 2.07 and a beta of 0.92. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19.

Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. The business had revenue of $13.37 billion during the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.64 earnings per share. On average, equities analysts expect that Deere & Company will post 18.13 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s payout ratio is currently 36.71%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a report on Monday, June 1st. Morgan Stanley boosted their price objective on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. BMO Capital Markets boosted their price objective on shares of Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. Citigroup decreased their price objective on shares of Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Finally, Weiss Ratings raised shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average target price of $639.58.

Check Out Our Latest Stock Report on DE

About Deere & Company

(Free Report)

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.

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