Deere & Company (DE) is FOURPOINTS Investment Managers S.A.S.’s 4th Largest Position

FOURPOINTS Investment Managers S.A.S. lowered its stake in shares of Deere & Company (NYSE:DE) by 35.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,150 shares of the industrial products company’s stock after selling 11,000 shares during the period. Deere & Company accounts for 11.0% of FOURPOINTS Investment Managers S.A.S.’s holdings, making the stock its 4th biggest position. FOURPOINTS Investment Managers S.A.S.’s holdings in Deere & Company were worth $3,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. grew its holdings in Deere & Company by 0.3% in the 4th quarter. Whittier Trust Co. now owns 24,423 shares of the industrial products company’s stock valued at $3,643,000 after buying an additional 62 shares in the last quarter. Howland Capital Management LLC grew its holdings in Deere & Company by 0.4% in the 4th quarter. Howland Capital Management LLC now owns 15,712 shares of the industrial products company’s stock valued at $2,344,000 after buying an additional 66 shares in the last quarter. Sowell Financial Services LLC grew its holdings in Deere & Company by 2.2% in the 4th quarter. Sowell Financial Services LLC now owns 3,060 shares of the industrial products company’s stock valued at $457,000 after buying an additional 66 shares in the last quarter. First Manhattan Co. grew its holdings in Deere & Company by 4.2% in the 1st quarter. First Manhattan Co. now owns 1,699 shares of the industrial products company’s stock valued at $271,000 after buying an additional 68 shares in the last quarter. Finally, TRUE Private Wealth Advisors grew its holdings in Deere & Company by 3.1% in the 4th quarter. TRUE Private Wealth Advisors now owns 2,505 shares of the industrial products company’s stock valued at $375,000 after buying an additional 76 shares in the last quarter. Institutional investors own 68.43% of the company’s stock.

Deere & Company stock opened at $156.05 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.98 and a debt-to-equity ratio of 2.46. The stock has a market capitalization of $49.52 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.63 and a beta of 0.90. Deere & Company has a 12 month low of $128.32 and a 12 month high of $169.99.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Friday, February 15th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.22). Deere & Company had a return on equity of 28.83% and a net margin of 8.85%. The company had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the business earned $1.31 earnings per share. Deere & Company’s revenue was up 16.2% compared to the same quarter last year. On average, research analysts anticipate that Deere & Company will post 11.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, March 29th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.95%. Deere & Company’s dividend payout ratio (DPR) is 32.37%.

Several analysts have recently issued reports on the company. Barclays reissued a “buy” rating and set a $180.00 target price on shares of Deere & Company in a report on Tuesday, February 19th. Citigroup reduced their target price on Deere & Company from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, February 19th. Zacks Investment Research raised Deere & Company from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a research note on Thursday, February 14th. Argus raised their price objective on Deere & Company to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, DZ Bank lowered Deere & Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $179.43.

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About Deere & Company

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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