Enterprise Financial Services Corp continued to hold its stake in shares of Deere & Co. (NYSE:DE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,846 shares of the company’s stock at the end of the second quarter. Enterprise Financial Services Corp’s holdings in Deere & Co. were worth $231,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in DE. Primecap Management Co. CA boosted its stake in Deere & Co. by 19.3% in the first quarter. Primecap Management Co. CA now owns 5,286,519 shares of the company’s stock valued at $407,009,000 after buying an additional 856,000 shares in the last quarter. American Century Companies Inc. acquired a new stake in Deere & Co. during the second quarter valued at $31,119,000. Adage Capital Partners GP L.L.C. acquired a new stake in Deere & Co. during the first quarter valued at $21,663,000. Bank of Montreal Can acquired a new stake in Deere & Co. during the second quarter valued at $21,805,000. Finally, Natixis boosted its stake in Deere & Co. by 117.0% in the first quarter. Natixis now owns 452,167 shares of the company’s stock valued at $34,813,000 after buying an additional 243,784 shares in the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Deere & Co. (NYSE:DE) traded down 0.06% during mid-day trading on Wednesday, reaching $86.56. The company had a trading volume of 1,915,316 shares. The company has a market cap of $27.22 billion, a price-to-earnings ratio of 17.35 and a beta of 0.89. Deere & Co. has a 52-week low of $70.16 and a 52-week high of $89.34. The firm’s 50-day moving average price is $84.27 and its 200 day moving average price is $82.31.
Deere & Co. (NYSE:DE) last released its earnings results on Friday, August 19th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.61. The firm earned $6.72 billion during the quarter. Deere & Co. had a return on equity of 22.73% and a net margin of 5.92%. The business’s revenue was down 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 earnings per share. Equities analysts expect that Deere & Co. will post $4.30 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, September 30th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.77%. Deere & Co.’s payout ratio is 48.10%.
Several equities research analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and issued a $96.00 price objective on shares of Deere & Co. in a research report on Thursday, August 18th. Jefferies Group reissued a “hold” rating and issued a $70.00 price objective on shares of Deere & Co. in a research report on Friday, August 19th. Credit Suisse Group AG increased their price objective on Deere & Co. from $87.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, August 22nd. RBC Capital Markets reissued a “sector perform” rating and issued a $80.00 price objective (up from $72.00) on shares of Deere & Co. in a research report on Monday, August 22nd. Finally, Argus increased their price objective on Deere & Co. from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Deere & Co. presently has a consensus rating of “Hold” and a consensus target price of $82.27.
Deere & Co. Company Profile
Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.
Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Co. (NYSE:DE).
Receive News & Ratings for Deere & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Co. and related companies with MarketBeat.com's FREE daily email newsletter.