Sendero Wealth Management LLC Grows Holdings in Deere & Company (NYSE:DE)

Sendero Wealth Management LLC lifted its position in Deere & Company (NYSE:DE - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,543 shares of the industrial products company's stock after purchasing an additional 886 shares during the quarter. Deere & Company makes up 1.3% of Sendero Wealth Management LLC's investment portfolio, making the stock its 16th biggest holding. Sendero Wealth Management LLC's holdings in Deere & Company were worth $8,704,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DE. Fairscale Capital LLC acquired a new position in Deere & Company in the second quarter valued at $26,000. Modus Advisors LLC purchased a new position in shares of Deere & Company during the fourth quarter worth about $32,000. Livelsberger Financial Advisory acquired a new position in Deere & Company in the 3rd quarter valued at about $32,000. Centennial Bank AR raised its stake in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $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% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

DE has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Oppenheimer upped their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a report on Wednesday. Citigroup dropped their price target on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group downgraded shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a research report on Friday, December 6th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $442.83.

Deere & Company Price Performance

Shares of Deere & Company stock traded up $10.41 on Thursday, hitting $439.29. The company's stock had a trading volume of 1,181,298 shares, compared to its average volume of 1,258,570. The company has a market capitalization of $119.30 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. Deere & Company has a 52-week low of $340.20 and a 52-week high of $469.39. The firm has a fifty day moving average price of $429.66 and a 200-day moving average price of $401.06. 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 (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.66. The company 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.26 earnings per share. On average, equities research analysts expect that Deere & Company will post 19.57 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio is 25.31%.

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.