Banco Bilbao Vizcaya Argentaria S.A. Has $10.74 Million Holdings in Deere & Company $DE

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in Deere & Company (NYSE:DE) by 28.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,127 shares of the industrial products company’s stock after selling 8,228 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Deere & Company were worth $10,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DE. Mid American Wealth Advisory Group Inc. bought a new position in Deere & Company during the second quarter valued at about $25,000. Activest Wealth Management grew its holdings in shares of Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of Deere & Company during the second quarter valued at approximately $38,000. Center for Financial Planning Inc. raised its stake in shares of Deere & Company by 406.7% in the second quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 61 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in shares of Deere & Company in the second quarter valued at $39,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 0.5%

Shares of DE stock opened at $475.76 on Friday. The company has a market capitalization of $128.61 billion, a P/E ratio of 24.87, a P/E/G ratio of 3.05 and a beta of 1.04. Deere & Company has a 12-month low of $390.00 and a 12-month high of $533.78. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The firm has a 50-day moving average price of $466.04 and a 200 day moving average price of $490.68.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the business posted $6.29 earnings per share. The company’s revenue was down 9.0% on a year-over-year basis. Research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is currently 33.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a report on Wednesday, October 8th. Wells Fargo & Company began coverage on shares of Deere & Company in a research report on Thursday. They set an “overweight” rating and a $543.00 target price on the stock. Daiwa Capital Markets dropped their price target 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. Robert W. Baird cut their price target on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $520.05.

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.