Crossmark Global Holdings Inc. reduced its stake in Deere & Company (NYSE:DE - Free Report) by 28.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,219 shares of the industrial products company's stock after selling 11,357 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Deere & Company were worth $11,956,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Fairscale Capital LLC purchased a new position in Deere & Company in the second quarter worth about $26,000. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company during the third quarter valued at approximately $32,000. Modus Advisors LLC purchased a new position in Deere & Company in the 4th quarter worth approximately $32,000. Centennial Bank AR raised its holdings in Deere & Company by 420.0% in the 2nd 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 position in Deere & Company by 155.8% in the 3rd 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 in the last quarter. 68.58% of the stock is owned by institutional investors.
Deere & Company Stock Performance
Shares of DE stock traded up $7.62 during trading hours on Tuesday, reaching $463.06. 1,733,614 shares of the company traded hands, compared to its average volume of 1,386,234. The firm has a 50-day moving average price of $432.55 and a 200 day moving average price of $403.19. The company has a market cap of $126.11 billion, a P/E ratio of 18.09, a P/E/G ratio of 2.81 and a beta of 0.98. 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 12-month low of $340.20 and a 12-month 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, beating the consensus estimate of $3.89 by $0.66. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.26 earnings per share. As a group, sell-side analysts predict that Deere & Company will post 19.34 earnings per share for the current fiscal year.
Deere & Company Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.40%. This is an increase from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio is currently 25.31%.
Analyst Ratings Changes
A number of analysts have commented on DE shares. Citigroup reduced their target price on Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on Deere & Company from $450.00 to $470.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Barclays raised their price target on shares of Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Jefferies Financial Group lowered shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price target for the company. in a research note on Friday, December 6th. Finally, Oppenheimer increased their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Deere & Company currently has an average rating of "Hold" and a consensus price target of $442.83.
Get Our Latest Analysis on DE
About Deere & Company
(
Free Report)
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.
Featured Articles
Before you consider Deere & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.
While Deere & Company currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
