CX Institutional decreased its position in Deere & Company (NYSE:DE - Free Report) by 85.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,726 shares of the industrial products company's stock after selling 9,849 shares during the quarter. CX Institutional's holdings in Deere & Company were worth $731,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of DE. Livelsberger Financial Advisory bought a new position in Deere & Company during the 3rd quarter valued at approximately $32,000. Modus Advisors LLC bought a new position in shares of Deere & Company during the fourth quarter valued at $32,000. Centennial Bank AR raised its position in shares of 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 purchasing an additional 84 shares during the last quarter. Continuum Advisory LLC boosted its stake in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Deere & Company in the 3rd quarter worth about $47,000. 68.58% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
DE has been the subject of several recent analyst reports. Morgan Stanley lifted their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Jefferies Financial Group lowered shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a report on Friday, December 6th. Oppenheimer increased their target price on Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Citigroup decreased their price target on Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Finally, UBS Group upped their price target on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $442.83.
Check Out Our Latest Stock Report on Deere & Company
Deere & Company Stock Performance
Deere & Company stock traded up $4.18 during trading on Friday, reaching $478.90. The company had a trading volume of 1,400,742 shares, compared to its average volume of 1,025,682. The firm has a market capitalization of $130.43 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The firm's 50-day simple moving average is $438.55 and its 200 day simple moving average is $406.05. Deere & Company has a 52 week low of $340.20 and a 52 week high of $479.48.
Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating 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 period in the previous year, the firm earned $8.26 EPS. The business's quarterly revenue was down 32.8% on a year-over-year basis. Sell-side analysts forecast that Deere & Company will post 19.34 earnings per share for the current fiscal year.
Deere & Company Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a $1.62 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. Deere & Company's dividend payout ratio is 25.31%.
Deere & Company Profile
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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.
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