Deere & Company (DE) To Go Ex-Dividend on June 30th

Deere & Company (NYSE:DE) announced a quarterly dividend on Wednesday, May 27th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 1.62 per share by the industrial products company on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, June 30th.

Deere & Company has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 4 years. Deere & Company has a dividend payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Deere & Company to earn $22.81 per share next year, which means the company should continue to be able to cover its $6.48 annual dividend with an expected future payout ratio of 28.4%.

Deere & Company Stock Down 2.7%

Deere & Company stock opened at $613.45 on Friday. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The firm has a market capitalization of $165.59 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The firm’s fifty day moving average price is $574.51 and its two-hundred day moving average price is $557.28. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. During the same period last year, the company earned $6.64 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Deere & Company will post 18.13 earnings per share for the current fiscal year.

Institutional Trading of Deere & Company

Hedge funds have recently bought and sold shares of the business. Anchyra Partners LLC increased its position in shares of Deere & Company by 0.5% during the 1st quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock valued at $1,797,000 after purchasing an additional 17 shares during the last quarter. William B. Walkup & Associates Inc. grew its position in Deere & Company by 0.6% during the first quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock valued at $1,638,000 after buying an additional 17 shares during the period. Advisortrust Partners LLC increased its holdings in Deere & Company by 2.0% during the first quarter. Advisortrust Partners LLC now owns 914 shares of the industrial products company’s stock worth $515,000 after buying an additional 18 shares during the last quarter. Cerro Pacific Wealth Advisors LLC raised its position in Deere & Company by 0.6% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company’s stock worth $1,480,000 after acquiring an additional 19 shares during the period. Finally, Hazlett Burt & Watson Inc. raised its position in Deere & Company by 2.4% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company’s stock worth $379,000 after acquiring an additional 19 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Company Profile

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.