Deere & Company $DE Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lessened its stake in Deere & Company (NYSE:DE) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,205 shares of the industrial products company’s stock after selling 847 shares during the period. Deere & Company comprises approximately 1.5% of Bradley Foster & Sargent Inc. CT’s investment portfolio, making the stock its 14th largest holding. Bradley Foster & Sargent Inc. CT’s holdings in Deere & Company were worth $98,693,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DE. Key Capital Management INC purchased a new position in Deere & Company during the fourth quarter valued at $27,000. Timmons Wealth Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth approximately $29,000. McIlrath & Eck LLC acquired a new position in Deere & Company in the 4th quarter valued at $30,000. Portus Wealth Advisors LLC acquired a new position in Deere & Company in the 1st quarter valued at $32,000. Finally, Wealth Watch Advisors INC purchased a new position in Deere & Company in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 3.0%

NYSE DE opened at $628.32 on Friday. The business’s fifty day simple moving average is $585.05 and its 200-day simple moving average is $576.08. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. The firm has a market cap of $169.61 billion, a PE ratio of 35.60, a P/E/G ratio of 2.65 and a beta of 0.89. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $13.37 billion during the quarter, compared to analyst estimates of $11.55 billion. During the same quarter in the prior year, the firm posted $6.64 earnings per share. Deere & Company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts anticipate that Deere & Company will post 18.28 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $1.62 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio (DPR) is currently 36.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DE shares. DA Davidson reaffirmed a “buy” rating and set a $685.00 target price on shares of Deere & Company in a report on Friday, July 17th. Jefferies Financial Group upgraded shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price target on the stock in a research report on Wednesday, April 8th. Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $752.00 price objective on shares of Deere & Company in a report on Monday, June 1st. Finally, Oppenheimer restated an “outperform” rating and set a $680.00 target price (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $642.98.

Deere & Company Company Profile

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.