Duncan Williams Asset Management LLC Has $874,000 Stock Holdings in Deere & Company (NYSE:DE)

Duncan Williams Asset Management LLC boosted its stake in Deere & Company (NYSE:DE - Free Report) by 43.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,062 shares of the industrial products company's stock after acquiring an additional 620 shares during the quarter. Duncan Williams Asset Management LLC's holdings in Deere & Company were worth $874,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DE. Wellington Management Group LLP boosted its stake in shares of Deere & Company by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock worth $3,068,404,000 after buying an additional 1,782,984 shares during the last quarter. FMR LLC raised its holdings in Deere & Company by 27.8% during the third quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock worth $1,895,518,000 after acquiring an additional 988,380 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in Deere & Company by 53,338.6% during the third quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company's stock worth $356,602,000 after acquiring an additional 852,885 shares in the last quarter. International Assets Investment Management LLC boosted its position in Deere & Company by 46,892.9% during the third quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock valued at $322,218,000 after purchasing an additional 770,451 shares during the last quarter. Finally, Stockbridge Partners LLC grew its stake in Deere & Company by 157.5% in the third quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock valued at $369,019,000 after purchasing an additional 540,874 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on DE. Citigroup cut their price objective on Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Morgan Stanley lifted their price objective 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 upped their target price 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. Oppenheimer lifted their price target on Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $442.83.

Deere & Company Stock Performance

NYSE DE traded up $4.18 during trading on Friday, reaching $478.90. The company's stock had a trading volume of 1,400,742 shares, compared to its average volume of 1,025,682. The firm has a 50 day moving average price of $438.55 and a 200 day moving average price of $406.05. Deere & Company has a 12 month low of $340.20 and a 12 month high of $479.48. The firm has a market capitalization of $130.43 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

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, beating 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 business had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.20 billion. During the same period in the previous year, the company posted $8.26 earnings per share. The firm's revenue for the quarter was down 32.8% compared to the same quarter last year. As a group, equities analysts anticipate that Deere & Company will post 19.34 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio (DPR) is presently 25.31%.

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.