FNY Investment Advisers LLC Buys 4,600 Shares of Deere & Company (NYSE:DE)

FNY Investment Advisers LLC increased its position in Deere & Company (NYSE:DE - Free Report) by 657.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,300 shares of the industrial products company's stock after purchasing an additional 4,600 shares during the quarter. Deere & Company makes up 1.2% of FNY Investment Advisers LLC's portfolio, making the stock its 21st largest holding. FNY Investment Advisers LLC's holdings in Deere & Company were worth $2,245,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. BCS Wealth Management bought a new position in shares of Deere & Company during the 4th quarter worth approximately $287,000. Marion Wealth Management lifted its holdings in shares of Deere & Company by 7.0% during the fourth quarter. Marion Wealth Management now owns 3,864 shares of the industrial products company's stock valued at $1,637,000 after acquiring an additional 253 shares during the period. Miracle Mile Advisors LLC boosted its stake in shares of Deere & Company by 252.7% in the 4th 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. Ehrlich Financial Group bought a new stake in shares of Deere & Company in the 4th quarter worth about $265,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Deere & Company during the 4th quarter worth about $202,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DE shares. Morgan Stanley boosted their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Barclays boosted their target price on Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Jefferies Financial Group cut Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price target for the company. in a report on Friday, December 6th. Oppenheimer boosted their price objective on Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Deere & Company currently has an average rating of "Hold" and a consensus target price of $441.72.

Deere & Company Trading Up 0.5 %

DE traded up $2.26 during mid-day trading on Tuesday, hitting $432.17. The stock had a trading volume of 1,198,195 shares, compared to its average volume of 1,206,616. 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 1-year low of $340.20 and a 1-year high of $469.39. The stock's fifty day simple moving average is $428.56 and its 200-day simple moving average is $400.45. The firm has a market capitalization 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.

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, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same period in the prior year, the company earned $8.26 earnings per share. The company's revenue for the quarter was down 32.8% compared to the same quarter last year. As a group, research analysts forecast that Deere & Company will post 19.41 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors 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 dividend yield of 1.50%. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company's dividend payout ratio (DPR) is presently 22.97%.

Deere & Company Profile

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.