Deere & Company (NYSE:DE) Shares Sold by Cambridge Advisors Inc.

Cambridge Advisors Inc. lessened its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 49.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 566 shares of the industrial products company's stock after selling 550 shares during the period. Cambridge Advisors Inc.'s holdings in Deere & Company were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Fairscale Capital LLC purchased a new position in shares of Deere & Company in the second quarter worth $26,000. Livelsberger Financial Advisory purchased a new position in Deere & Company in the 3rd quarter worth $32,000. Modus Advisors LLC purchased a new stake in Deere & Company during the 4th quarter valued at about $32,000. Centennial Bank AR increased its holdings in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 84 shares during the period. Finally, Continuum Advisory LLC raised its stake in shares of Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Trading Up 4.0 %

DE stock opened at $456.57 on Friday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $469.39. The business's 50-day moving average is $431.48 and its 200 day moving average is $401.99. 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 stock has a market cap of $124.00 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.74 and a beta of 0.98.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business's revenue was down 32.8% on a year-over-year basis. During the same period in the previous year, the company posted $8.26 earnings per share. On average, sell-side analysts anticipate that Deere & Company will post 19.57 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.42%. 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 currently 25.31%.

Analyst Ratings Changes

A number of equities research analysts recently commented on DE shares. UBS Group upped their target price on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Barclays upped their price objective 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. Morgan Stanley raised 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. Citigroup decreased their target price on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, Oppenheimer lifted their price objective on Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $442.83.

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.

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