Dale Q Rice Investment Management Ltd Acquires Shares of 1,868 Deere & Company (NYSE:DE)

Dale Q Rice Investment Management Ltd purchased a new position in shares of Deere & Company (NYSE:DE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,868 shares of the industrial products company's stock, valued at approximately $791,000.

A number of other large investors have also made changes to their positions in DE. FNY Investment Advisers LLC increased its position in shares of Deere & Company by 657.1% during the fourth quarter. FNY Investment Advisers LLC now owns 5,300 shares of the industrial products company's stock worth $2,245,000 after acquiring an additional 4,600 shares in the last quarter. BCS Wealth Management bought a new position in Deere & Company during the 4th quarter worth about $287,000. Marion Wealth Management increased its holdings in Deere & Company by 7.0% during the 4th quarter. Marion Wealth Management now owns 3,864 shares of the industrial products company's stock worth $1,637,000 after purchasing an additional 253 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of Deere & Company by 252.7% in the fourth quarter. Miracle Mile Advisors LLC now owns 14,503 shares of the industrial products company's stock valued at $6,145,000 after purchasing an additional 10,391 shares in the last quarter. Finally, Ehrlich Financial Group acquired a new position in shares of Deere & Company during the fourth quarter worth about $265,000. Institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group lowered Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $420.00 to $450.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Morgan Stanley boosted their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Oppenheimer lifted their target price on Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Finally, UBS Group raised their price target on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $441.72.

Deere & Company Stock Performance

Shares of Deere & Company stock traded up $2.26 on Tuesday, hitting $432.17. The stock had a trading volume of 1,223,774 shares, compared to its average volume of 1,243,240. The stock has a market cap of $118.24 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. Deere & Company has a twelve month low of $340.20 and a twelve month high of $469.39. The business's 50 day moving average is $428.56 and its two-hundred day moving average is $400.45.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS 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 analyst estimates of $9.20 billion. During the same period in the prior year, the firm posted $8.26 EPS. The company's revenue for the quarter was down 32.8% on a year-over-year basis. Analysts forecast that Deere & Company will post 19.41 EPS for the current year.

Deere & Company Increases Dividend

The firm also recently disclosed 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 1.50%. Deere & Company's payout ratio is 22.97%.

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.