Everence Capital Management Inc. trimmed its position in shares of Deere & Company (NYSE:DE) by 12.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,637 shares of the industrial products company’s stock after selling 1,118 shares during the period. Everence Capital Management Inc.’s holdings in Deere & Company were worth $1,221,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Neuberger Berman Group LLC lifted its stake in Deere & Company by 11.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 358,825 shares of the industrial products company’s stock worth $53,942,000 after purchasing an additional 35,597 shares in the last quarter. Morgan Stanley lifted its stake in Deere & Company by 56.1% in the 3rd quarter. Morgan Stanley now owns 1,874,873 shares of the industrial products company’s stock worth $281,850,000 after purchasing an additional 674,058 shares in the last quarter. Vanguard Group Inc lifted its stake in Deere & Company by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 22,698,615 shares of the industrial products company’s stock worth $3,412,282,000 after purchasing an additional 210,597 shares in the last quarter. Federated Investors Inc. PA lifted its stake in Deere & Company by 4,534.7% in the 3rd quarter. Federated Investors Inc. PA now owns 169,724 shares of the industrial products company’s stock worth $25,515,000 after purchasing an additional 166,062 shares in the last quarter. Finally, Spirit of America Management Corp NY lifted its stake in Deere & Company by 25.2% in the 4th quarter. Spirit of America Management Corp NY now owns 7,325 shares of the industrial products company’s stock worth $1,092,000 after purchasing an additional 1,475 shares in the last quarter. Institutional investors own 68.93% of the company’s stock.

Shares of DE stock opened at $144.61 on Wednesday. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.68 and a current ratio of 1.98. The stock has a market capitalization of $46.59 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 1.54 and a beta of 0.90. Deere & Company has a one year low of $128.32 and a one year high of $169.99.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Friday, March 29th were paid a $0.76 dividend. The ex-dividend date was Thursday, March 28th. This represents a $3.04 dividend on an annualized basis and a yield of 2.10%. Deere & Company’s dividend payout ratio is currently 32.37%.

DE has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a research note on Tuesday, January 15th. OTR Global upgraded shares of Deere & Company to a “positive” rating in a research report on Friday, January 18th. Bank of America cut shares of Deere & Company from a “buy” rating to a “neutral” rating and decreased their target price for the company from $173.00 to $170.00 in a research report on Wednesday, February 13th. Credit Suisse Group decreased their target price on shares of Deere & Company from $211.00 to $209.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 19th. Finally, Citigroup cut their price target on shares of Deere & Company from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, February 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $165.00.

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Deere & Company Profile

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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