Silvant Capital Management LLC Invests $5.87 Million in John Deere (DE)

Silvant Capital Management LLC bought a new position in shares of John Deere (NYSE:DE) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 37,635 shares of the industrial products company’s stock, valued at approximately $5,868,000.

Other hedge funds have also made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of John Deere during the 4th quarter worth approximately $101,000. Icon Wealth Partners LLC acquired a new position in shares of John Deere during the 4th quarter worth approximately $110,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of John Deere during the 4th quarter worth approximately $122,000. Bedel Financial Consulting Inc. acquired a new position in shares of John Deere during the 1st quarter worth approximately $128,000. Finally, Cerebellum GP LLC acquired a new position in shares of John Deere during the 4th quarter worth approximately $132,000. 66.85% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:DE opened at $146.81 on Friday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.98 and a quick ratio of 1.69. The firm has a market capitalization of $47.71 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.74 and a beta of 0.81. John Deere has a 52-week low of $145.74 and a 52-week high of $147.09.

John Deere (NYSE:DE) last issued its earnings results on Friday, May 18th. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.33 by ($0.19). The company had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.83 billion. John Deere had a net margin of 4.57% and a return on equity of 27.18%. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.14 earnings per share. equities analysts expect that John Deere will post 9.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Thursday, March 29th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.63%. The ex-dividend date was Wednesday, March 28th. John Deere’s payout ratio is currently 35.93%.

Several brokerages have recently weighed in on DE. TheStreet downgraded John Deere from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. UBS reaffirmed a “neutral” rating and set a $175.00 target price (up from $150.00) on shares of John Deere in a research note on Tuesday, February 20th. ValuEngine raised John Deere from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr raised John Deere from a “buy” rating to a “strong-buy” rating and set a $177.25 target price for the company in a research note on Monday, February 12th. Finally, Zacks Investment Research downgraded John Deere from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $175.17.

In other John Deere news, insider Jean H. Gilles sold 32,183 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $165.97, for a total value of $5,341,412.51. Following the completion of the sale, the insider now directly owns 77,147 shares in the company, valued at approximately $12,804,087.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jean H. Gilles sold 15,083 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $166.98, for a total value of $2,518,559.34. Following the completion of the sale, the insider now owns 69,089 shares of the company’s stock, valued at $11,536,481.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 316,761 shares of company stock valued at $52,011,683. 0.74% of the stock is owned by company insiders.

John Deere Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

Institutional Ownership by Quarter for John Deere (NYSE:DE)

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