Gouws Capital LLC Raises Stock Position in Deere & Company (NYSE:DE)

Gouws Capital LLC increased its holdings in Deere & Company (NYSE:DE) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,831 shares of the industrial products company’s stock after purchasing an additional 287 shares during the quarter. Deere & Company makes up 3.9% of Gouws Capital LLC’s investment portfolio, making the stock its 8th biggest holding. Gouws Capital LLC’s holdings in Deere & Company were worth $6,492,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in shares of Deere & Company by 58.9% in the first quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company’s stock worth $6,395,000 after purchasing an additional 5,053 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Deere & Company by 10.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company’s stock worth $3,863,000 after purchasing an additional 798 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new stake in shares of Deere & Company in the first quarter worth $13,588,000. Stenger Family Office LLC bought a new stake in shares of Deere & Company in the fourth quarter worth $3,144,000. Finally, Stratos Investment Management LLC bought a new stake in shares of Deere & Company in the first quarter worth $271,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE DE opened at $510.57 on Monday. The firm’s 50-day moving average price is $512.47 and its 200-day moving average price is $489.38. Deere & Company has a 1-year low of $343.38 and a 1-year high of $533.78. The firm has a market capitalization of $138.28 billion, a P/E ratio of 24.70, a P/E/G ratio of 3.24 and a beta of 1.06. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating 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 firm had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the business earned $8.53 earnings per share. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. Equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, June 30th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, June 30th. Deere & Company’s dividend payout ratio is currently 31.35%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Melius raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Robert W. Baird upped their price target on shares of Deere & Company from $501.00 to $514.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Deere & Company in a research report on Thursday, May 15th. Raymond James Financial upped their price target on shares of Deere & Company from $530.00 to $560.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, Oppenheimer upped their price target on shares of Deere & Company from $555.00 to $560.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Deere & Company presently has a consensus rating of “Hold” and an average target price of $523.93.

Deere & Company Company Profile

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.