Crossmark Global Holdings Inc. Buys 1,495 Shares of Deere & Company $DE

Crossmark Global Holdings Inc. lifted its stake in Deere & Company (NYSE:DEFree Report) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,870 shares of the industrial products company’s stock after buying an additional 1,495 shares during the period. Crossmark Global Holdings Inc.’s holdings in Deere & Company were worth $5,992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Deere & Company by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company’s stock worth $10,514,053,000 after acquiring an additional 198,332 shares during the last quarter. Capital World Investors lifted its position in Deere & Company by 5.5% in the third quarter. Capital World Investors now owns 6,233,740 shares of the industrial products company’s stock valued at $2,850,687,000 after purchasing an additional 322,582 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Deere & Company by 5.5% during the third quarter. Fisher Asset Management LLC now owns 2,722,018 shares of the industrial products company’s stock valued at $1,244,670,000 after purchasing an additional 141,790 shares during the period. M&T Bank Corp boosted its stake in shares of Deere & Company by 1,199.8% during the fourth quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company’s stock valued at $868,149,000 after purchasing an additional 1,721,239 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Deere & Company by 21.7% in the third quarter. Invesco Ltd. now owns 1,815,007 shares of the industrial products company’s stock worth $829,930,000 after purchasing an additional 323,512 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DE. Royal Bank Of Canada lifted their target price on shares of Deere & Company from $541.00 to $736.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Raymond James Financial reissued an “outperform” rating and issued a $765.00 price target on shares of Deere & Company in a report on Monday, February 23rd. Argus boosted their price objective on shares of Deere & Company from $540.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein upped their price objective on shares of Deere & Company from $521.00 to $615.00 and gave the company a “market perform” rating in a research note on Friday, February 20th. Finally, DA Davidson upped their price objective on shares of Deere & Company from $580.00 to $775.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $655.45.

Check Out Our Latest Research Report on DE

Deere & Company News Summary

Here are the key news stories impacting Deere & Company this week:

Deere & Company Price Performance

Shares of Deere & Company stock opened at $574.70 on Monday. The business has a 50 day moving average of $586.28 and a 200 day moving average of $532.75. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a market cap of $155.23 billion, a PE ratio of 32.40, a P/E/G ratio of 2.01 and a beta of 0.96. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DEGet Free Report) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.52. The business had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.19 earnings per share. As a group, equities research analysts forecast that Deere & Company will post 18.01 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st were given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Deere & Company’s dividend payout ratio (DPR) is currently 36.53%.

Deere & Company Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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