Steigerwald Gordon & Koch Inc. Has $25.94 Million Stock Holdings in Deere & Company (NYSE:DE)

Steigerwald Gordon & Koch Inc. lowered its position in Deere & Company (NYSE:DE) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,275 shares of the industrial products company’s stock after selling 1,393 shares during the period. Deere & Company comprises about 2.9% of Steigerwald Gordon & Koch Inc.’s investment portfolio, making the stock its 7th biggest holding. Steigerwald Gordon & Koch Inc.’s holdings in Deere & Company were worth $25,943,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Compass Financial Services Inc bought a new position in shares of Deere & Company in the fourth quarter worth about $254,000. Banque Pictet & Cie SA raised its stake in Deere & Company by 2.0% during the 4th quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company’s stock worth $33,165,000 after acquiring an additional 1,500 shares during the period. Spectrum Financial Alliance Ltd LLC lifted its holdings in Deere & Company by 2.9% during the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company’s stock valued at $21,021,000 after purchasing an additional 1,407 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Deere & Company in the fourth quarter worth $847,000. Finally, BankPlus Trust Department purchased a new stake in shares of Deere & Company in the fourth quarter worth $1,127,000. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on DE. Truist Financial boosted their price objective on Deere & Company from $546.00 to $619.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Oppenheimer increased their price objective on shares of Deere & Company from $513.00 to $555.00 and gave the company an “outperform” rating in a report on Friday, May 16th. DA Davidson reaffirmed a “buy” rating and issued a $542.00 target price on shares of Deere & Company in a report on Friday, May 16th. Robert W. Baird boosted their target price on Deere & Company from $501.00 to $514.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, Morgan Stanley raised their price target on Deere & Company from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $515.19.

Deere & Company Stock Down 1.0%

Shares of DE opened at $508.21 on Thursday. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The company has a market cap of $137.94 billion, a PE ratio of 22.53, a P/E/G ratio of 2.14 and a beta of 1.08. The business has a fifty day moving average of $477.57 and a 200 day moving average of $464.39.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping analysts’ consensus estimates of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period in the previous year, the company earned $8.53 EPS. On average, sell-side analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.28%. Deere & Company’s dividend payout ratio (DPR) is presently 31.35%.

About Deere & Company

Deere & Co engages in the manufacture 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 manufacture of a full line of agriculture and turf equipment and related service parts.