First Pacific Financial boosted its holdings in Deere & Company (NYSE:DE - Free Report) by 648.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,055 shares of the industrial products company's stock after purchasing an additional 914 shares during the quarter. First Pacific Financial's holdings in Deere & Company were worth $447,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of DE. Fairscale Capital LLC bought a new position in shares of Deere & Company in the second quarter valued at approximately $26,000. Modus Advisors LLC bought a new position in Deere & Company during the 4th quarter valued at $32,000. Livelsberger Financial Advisory bought a new position in Deere & Company during the 3rd quarter valued at $32,000. Centennial Bank AR boosted its holdings in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after acquiring an additional 84 shares during the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of Deere & Company by 155.8% in 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 in the last quarter. Institutional investors own 68.58% of the company's stock.
Deere & Company Price Performance
Shares of NYSE DE traded up $17.46 during mid-day trading on Friday, reaching $456.57. 2,315,484 shares of the company were exchanged, compared to its average volume of 906,286. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. The company's 50 day moving average price is $430.22 and its 200 day moving average price is $401.33. The stock has a market capitalization of $124.00 billion, a PE ratio of 17.83, a PEG ratio of 1.74 and a beta of 0.98. 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 released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company posted $8.26 EPS. Deere & Company's quarterly revenue was down 32.8% compared to the same quarter last year. Sell-side analysts forecast 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. Investors of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. 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. This represents a $6.48 annualized dividend and a yield of 1.42%. Deere & Company's dividend payout ratio is currently 25.31%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on DE. Barclays upped their target price on 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 Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Oppenheimer lifted their target price on Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Citigroup reduced their price target 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. Finally, UBS Group lifted their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company presently has an average rating of "Hold" and a consensus target price of $442.83.
Read Our Latest Stock Analysis on DE
About Deere & Company
(
Free Report)
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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