Eurizon SLJ Capital Ltd Invests $435,000 in Deere & Company $DE

Eurizon SLJ Capital Ltd bought a new position in Deere & Company (NYSE:DE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 935 shares of the industrial products company’s stock, valued at approximately $435,000.

Several other institutional investors have also bought and sold shares of DE. Strategic Advocates LLC purchased a new position in Deere & Company in the third quarter valued at approximately $25,000. Key Capital Management INC purchased a new position in Deere & Company in the fourth quarter valued at approximately $27,000. Activest Wealth Management lifted its stake in Deere & Company by 69.2% in the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. McIlrath & Eck LLC purchased a new position in Deere & Company in the fourth quarter valued at approximately $30,000. Finally, Wealth Watch Advisors INC purchased a new position in Deere & Company in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the topic of several research analyst reports. Wolfe Research upped their price objective on Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Bank of America dropped their price objective on Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Truist Financial dropped their price objective on Deere & Company from $793.00 to $759.00 and set a “buy” rating on the stock in a research note on Tuesday. Jefferies Financial Group upgraded Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price objective on the stock in a research note on Wednesday, April 8th. Finally, Barclays upped their price objective on Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Fifteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and a consensus target price of $638.08.

Deere & Company Trading Up 0.6%

NYSE:DE opened at $542.34 on Friday. The company has a market cap of $146.49 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.00 and a beta of 0.96. The stock’s fifty day moving average price is $572.29 and its two-hundred day moving average price is $542.07. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.70 by $0.85. The firm had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.64 earnings per share. As a group, analysts expect that Deere & Company will post 18.08 EPS for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.2%. Deere & Company’s dividend payout ratio is currently 36.71%.

Deere & 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.