Coldstream Capital Management Inc. Has $2.45 Million Position in Deere & Company (NYSE:DE)

Coldstream Capital Management Inc. reduced its holdings in Deere & Company (NYSE:DE - Free Report) by 61.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,893 shares of the industrial products company's stock after selling 9,243 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Deere & Company were worth $2,450,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its stake in Deere & Company by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock worth $3,068,404,000 after buying an additional 1,782,984 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Deere & Company by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,208,368 shares of the industrial products company's stock worth $2,168,737,000 after acquiring an additional 31,459 shares during the period. FMR LLC lifted its position in Deere & Company by 27.8% in the 3rd quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock valued at $1,895,518,000 after purchasing an additional 988,380 shares during the last quarter. Legal & General Group Plc boosted its stake in Deere & Company by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company's stock valued at $842,259,000 after purchasing an additional 60,255 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Deere & Company by 15.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company's stock worth $802,037,000 after purchasing an additional 279,627 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DE shares. JPMorgan Chase & Co. lifted their price target on Deere & Company from $420.00 to $450.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Morgan Stanley lifted their target price on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Citigroup increased their price target on Deere & Company from $460.00 to $470.00 and gave the stock a "neutral" rating in a research note on Monday. Oppenheimer raised their price target on Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Finally, HSBC downgraded shares of Deere & Company from a "buy" rating to a "hold" rating in a report on Monday, August 19th. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $443.28.

Deere & Company Price Performance

Shares of NYSE DE traded up $4.01 during mid-day trading on Wednesday, reaching $447.97. The company had a trading volume of 1,677,399 shares, compared to its average volume of 1,443,958. The company has a 50-day moving average price of $418.72 and a two-hundred day moving average price of $391.32. The stock has a market cap of $122.56 billion, a PE ratio of 17.50, a P/E/G ratio of 1.90 and a beta of 0.96. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly 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. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.20 billion. During the same quarter last year, the business posted $8.26 EPS. Deere & Company's revenue was down 32.8% on a year-over-year basis. On average, equities analysts anticipate that Deere & Company will post 19.52 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Tuesday, December 31st. This is an increase from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio is 25.31%.

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.