BTIM Corp. Has $30.27 Million Position in Deere & Company (DE)

BTIM Corp. increased its stake in Deere & Company (NYSE:DE) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,366 shares of the industrial products company’s stock after buying an additional 9,251 shares during the quarter. BTIM Corp. owned about 0.06% of Deere & Company worth $30,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Moloney Securities Asset Management LLC lifted its position in shares of Deere & Company by 9.1% during the fourth quarter. Moloney Securities Asset Management LLC now owns 2,072 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 172 shares during the last quarter. Royal London Asset Management Ltd. bought a new stake in shares of Deere & Company during the fourth quarter worth $42,481,000. Private Trust Co. NA lifted its position in shares of Deere & Company by 6.5% during the first quarter. Private Trust Co. NA now owns 2,580 shares of the industrial products company’s stock worth $412,000 after purchasing an additional 158 shares during the last quarter. WP Advisors LLC bought a new stake in shares of Deere & Company during the first quarter worth $70,000. Finally, Roundview Capital LLC bought a new stake in shares of Deere & Company during the fourth quarter worth $254,000. Institutional investors own 68.25% of the company’s stock.

In related news, insider John C. May II sold 11,661 shares of Deere & Company stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $160.21, for a total value of $1,868,208.81. Following the completion of the sale, the insider now directly owns 55,743 shares in the company, valued at $8,930,586.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

Shares of DE stock traded up $2.07 on Tuesday, hitting $164.56. The stock had a trading volume of 1,292,310 shares, compared to its average volume of 2,014,002. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.98 and a quick ratio of 1.68. The company has a market capitalization of $51.98 billion, a P/E ratio of 17.53, a PEG ratio of 1.69 and a beta of 0.90. Deere & Company has a one year low of $128.32 and a one year high of $167.82.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, February 15th. The industrial products company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.22). The firm had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $6.83 billion. Deere & Company had a net margin of 8.85% and a return on equity of 28.83%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 earnings per share. On average, analysts anticipate that Deere & Company will post 11.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, March 29th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $3.04 annualized dividend and a dividend yield of 1.85%. Deere & Company’s payout ratio is currently 32.37%.

Several analysts have recently weighed in on DE shares. Zacks Investment Research downgraded Deere & Company from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Argus lifted their target price on Deere & Company to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Bank of America downgraded Deere & Company from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $173.00 to $170.00 in a research report on Wednesday, February 13th. Credit Suisse Group reiterated a “buy” rating and set a $211.00 target price on shares of Deere & Company in a research report on Tuesday, January 8th. Finally, OTR Global upgraded Deere & Company to a “positive” rating in a research report on Friday, January 18th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $176.73.

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About Deere & Company

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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