Border to Coast Pensions Partnership Ltd Buys 5,110 Shares of Deere & Company (NYSE:DE)

Border to Coast Pensions Partnership Ltd increased its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,510 shares of the industrial products company's stock after acquiring an additional 5,110 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in Deere & Company were worth $43,828,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DE. Fairscale Capital LLC bought a new stake in shares of Deere & Company during the second quarter valued at approximately $26,000. Livelsberger Financial Advisory bought a new position in Deere & Company in the 3rd quarter valued at $32,000. Modus Advisors LLC acquired a new stake in shares of Deere & Company in the 4th quarter valued at $32,000. Centennial Bank AR raised its position in shares of Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after acquiring an additional 84 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 67 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on DE shares. Oppenheimer lifted their price objective on Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. UBS Group boosted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Citigroup cut their price objective on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating on the stock in a report on Tuesday. Barclays lifted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Finally, Morgan Stanley increased their price target on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of "Hold" and a consensus target price of $442.83.

Deere & Company Stock Up 4.0 %

Shares of Deere & Company stock traded up $17.46 on Friday, hitting $456.57. The company had a trading volume of 2,315,484 shares, compared to its average volume of 906,286. The stock has a 50-day moving average of $431.48 and a 200-day moving average of $401.99. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a twelve month low of $340.20 and a twelve month high of $469.39. The firm has a market capitalization of $124.00 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.74 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts' consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company's revenue for the quarter was down 32.8% compared to the same quarter last year. During the same period in the prior year, the business earned $8.26 EPS. Research analysts predict that Deere & Company will post 19.57 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a $1.62 dividend. This is a boost from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.42%. Deere & Company's payout ratio is presently 25.31%.

Deere & Company Company Profile

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.