Achmea Investment Management B.V. Acquires 8,957 Shares of Deere & Company (NYSE:DE)

Achmea Investment Management B.V. boosted its holdings in Deere & Company (NYSE:DE) by 65.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,606 shares of the industrial products company’s stock after purchasing an additional 8,957 shares during the period. Achmea Investment Management B.V.’s holdings in Deere & Company were worth $10,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DE. Norges Bank bought a new position in Deere & Company in the fourth quarter valued at $1,244,094,000. GAMMA Investing LLC grew its position in shares of Deere & Company by 61,215.9% in the 1st quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company’s stock valued at $822,781,000 after acquiring an additional 1,750,163 shares during the period. Castlekeep Investment Advisors LLC bought a new position in shares of Deere & Company in the 4th quarter valued at about $541,437,000. Price T Rowe Associates Inc. MD grew its position in shares of Deere & Company by 19.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company’s stock valued at $2,792,082,000 after acquiring an additional 1,095,736 shares during the period. Finally, FMR LLC grew its position in shares of Deere & Company by 22.9% in the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company’s stock valued at $2,364,843,000 after acquiring an additional 1,039,395 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $513.46 on Friday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. The company has a 50-day simple moving average of $500.54 and a two-hundred day simple moving average of $472.74. The stock has a market capitalization of $139.06 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 3.23 and a beta of 1.09.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The business had revenue of $11.17 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the company earned $8.53 EPS. The business’s revenue was down 17.9% on a year-over-year basis. Analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company’s dividend payout ratio (DPR) is 31.35%.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $460.00 price objective (up previously from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. Melius raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Barclays lifted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Truist Financial lifted their price objective on shares of Deere & Company from $546.00 to $619.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, Melius Research raised shares of Deere & Company from a “hold” rating to a “strong-buy” rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $515.19.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.