Eaton Vance Management increased its holdings in shares of Deere & Company (NYSE:DE) by 0.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 277,936 shares of the industrial products company’s stock after buying an additional 362 shares during the period. Eaton Vance Management owned about 0.09% of Deere & Company worth $103,987,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Claudia M.P. Batlle CRP R LLC acquired a new position in shares of Deere & Company in the 1st quarter worth approximately $3,612,000. Nordea Investment Management AB lifted its position in shares of Deere & Company by 45.9% in the 1st quarter. Nordea Investment Management AB now owns 43,644 shares of the industrial products company’s stock worth $16,491,000 after purchasing an additional 13,725 shares during the period. Brendel Financial Advisors LLC acquired a new position in shares of Deere & Company in the 1st quarter worth approximately $2,970,000. Wealthfront Advisers LLC lifted its position in shares of Deere & Company by 12.2% in the 1st quarter. Wealthfront Advisers LLC now owns 13,105 shares of the industrial products company’s stock worth $4,903,000 after purchasing an additional 1,427 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Deere & Company by 1.1% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 178,841 shares of the industrial products company’s stock worth $66,911,000 after purchasing an additional 1,871 shares during the period. Institutional investors and hedge funds own 66.85% of the company’s stock.
In other news, CEO John C. May II sold 39,336 shares of the company’s stock in a transaction dated Wednesday, June 2nd. The stock was sold at an average price of $359.07, for a total transaction of $14,124,377.52. Following the sale, the chief executive officer now directly owns 78,949 shares in the company, valued at $28,348,217.43. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Tami A. Erwin purchased 275 shares of the firm’s stock in a transaction dated Wednesday, June 2nd. The shares were bought at an average price of $359.61 per share, for a total transaction of $98,892.75. The disclosure for this purchase can be found here. 0.31% of the stock is currently owned by insiders.
Shares of NYSE:DE opened at $353.00 on Thursday. The business has a 50-day moving average of $352.10. The company has a quick ratio of 2.05, a current ratio of 2.29 and a debt-to-equity ratio of 2.21. The stock has a market cap of $110.11 billion, a P/E ratio of 24.33, a P/E/G ratio of 0.96 and a beta of 1.03. Deere & Company has a fifty-two week low of $172.91 and a fifty-two week high of $400.34.
Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 20th. The industrial products company reported $5.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.44 by $1.24. The company had revenue of $11 billion for the quarter, compared to the consensus estimate of $10.27 billion. Deere & Company had a net margin of 11.51% and a return on equity of 33.31%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 EPS. As a group, analysts predict that Deere & Company will post 17.98 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 9th. Investors of record on Wednesday, June 30th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Tuesday, June 29th. Deere & Company’s dividend payout ratio (DPR) is currently 41.43%.
About Deere & Company
Deere & Co engages in the manufacturing 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 manufacturing of full line of agriculture and turf equipment and related service parts.
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