Rothschild & Co Wealth Management UK Ltd Grows Stock Holdings in Deere & Company $DE

Rothschild & Co Wealth Management UK Ltd boosted its stake in Deere & Company (NYSE:DE) by 1.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,178,858 shares of the industrial products company’s stock after buying an additional 18,398 shares during the period. Deere & Company accounts for approximately 8.9% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 5th largest position. Rothschild & Co Wealth Management UK Ltd’s holdings in Deere & Company were worth $599,438,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DE. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Deere & Company in the 2nd quarter valued at $25,000. Activest Wealth Management lifted its holdings in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Hughes Financial Services LLC acquired a new position in Deere & Company in the first quarter valued at about $29,000. Cornerstone Planning Group LLC grew its stake in Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after buying an additional 36 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new stake in Deere & Company during the second quarter worth about $38,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Zacks Research downgraded Deere & Company from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research note on Wednesday. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Wolfe Research reduced their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Finally, Daiwa Capital Markets lowered their price objective on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and an average price target of $518.72.

Deere & Company Trading Up 0.2%

DE stock opened at $474.73 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78. The company has a market cap of $128.33 billion, a P/E ratio of 24.82, a PEG ratio of 3.05 and a beta of 1.04. The business has a fifty day moving average of $466.07 and a 200-day moving average of $489.91.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company’s revenue was down 9.0% on a year-over-year basis. During the same period last year, the company earned $6.29 earnings per share. As a group, equities research analysts expect 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 Monday, November 10th. Investors of record on Tuesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s dividend payout ratio is currently 33.87%.

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.