Mutual Advisors LLC Reduces Position in Deere & Company (NYSE:DE)

Mutual Advisors LLC lessened its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 41.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,630 shares of the industrial products company's stock after selling 1,899 shares during the period. Mutual Advisors LLC's holdings in Deere & Company were worth $1,155,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DE. Modus Advisors LLC purchased a new stake in shares of Deere & Company in the fourth quarter valued at 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 grew its stake 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 valued at $39,000 after buying an additional 84 shares during the period. Continuum Advisory LLC increased its holdings in shares of 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 buying an additional 67 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Deere & Company during the 3rd quarter valued at approximately $47,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Up 0.9 %

Shares of DE traded up $4.18 during midday trading on Friday, hitting $478.90. The company had a trading volume of 1,400,742 shares, compared to its average volume of 1,025,682. Deere & Company has a 1 year low of $340.20 and a 1 year high of $479.48. The firm has a market capitalization of $130.43 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.84 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The company's 50-day simple moving average is $438.55 and its 200-day simple moving average is $406.05.

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. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the previous year, the firm earned $8.26 earnings per share. The firm's quarterly revenue was down 32.8% on a year-over-year basis. As a group, sell-side analysts expect that Deere & Company will post 19.34 EPS for the current year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio is 25.31%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Jefferies Financial Group lowered 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. UBS Group increased their price target on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Barclays upped their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Oppenheimer increased their target price on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Finally, 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 note on Monday, November 25th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $442.83.

Deere & Company 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.