King Luther Capital Management Corp Has $1.27 Million Holdings in Deere & Company (NYSE:DE)

King Luther Capital Management Corp raised its stake in shares of Deere & Company (NYSE:DE) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,032 shares of the industrial products company’s stock after purchasing an additional 322 shares during the quarter. King Luther Capital Management Corp’s holdings in Deere & Company were worth $1,265,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pineridge Advisors LLC increased its position in Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of Deere & Company during the second quarter valued at approximately $26,000. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company in the third quarter valued at approximately $32,000. Olistico Wealth LLC bought a new position in Deere & Company in the 2nd quarter worth approximately $37,000. Finally, Centennial Bank AR lifted its holdings in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised their price objective on Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday. BMO Capital Markets began coverage on shares of Deere & Company in a research report on Friday, August 9th. They issued a “market perform” rating and a $400.00 target price for the company. Evercore ISI boosted their price objective on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research report on Monday, August 19th. Finally, Oppenheimer lifted their target price on Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research report on Friday. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $431.61.

Deere & Company Price Performance

DE opened at $446.65 on Friday. The stock has a market capitalization of $122.20 billion, a P/E ratio of 17.45, a PEG ratio of 1.70 and a beta of 0.93. The company has a current ratio of 2.09, a quick ratio of 1.87 and a debt-to-equity ratio of 1.89. Deere & Company has a 12-month low of $340.20 and a 12-month high of $447.50. The stock has a 50-day moving average price of $406.99 and a 200-day moving average price of $386.36.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter last year, the firm earned $8.26 EPS. The company’s revenue was down 32.8% on a year-over-year basis. Equities analysts predict that Deere & Company will post 21.41 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were paid a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.32%. Deere & Company’s payout ratio is currently 22.97%.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.