Liberty One Investment Management LLC Purchases 693 Shares of Deere & Company (NYSE:DE)

Liberty One Investment Management LLC lifted its stake in Deere & Company (NYSE:DE - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,793 shares of the industrial products company's stock after buying an additional 693 shares during the period. Liberty One Investment Management LLC's holdings in Deere & Company were worth $4,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Joule Financial LLC increased its position in Deere & Company by 24.7% during the 4th quarter. Joule Financial LLC now owns 1,727 shares of the industrial products company's stock worth $732,000 after purchasing an additional 342 shares in the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of Deere & Company by 4.3% during the fourth quarter. Aaron Wealth Advisors LLC now owns 1,939 shares of the industrial products company's stock worth $821,000 after buying an additional 80 shares in the last quarter. Smith Salley Wealth Management lifted its stake in shares of Deere & Company by 8.7% in the 4th quarter. Smith Salley Wealth Management now owns 735 shares of the industrial products company's stock valued at $312,000 after acquiring an additional 59 shares during the last quarter. Sara Bay Financial raised its holdings in Deere & Company by 2.5% in the 4th quarter. Sara Bay Financial now owns 1,455 shares of the industrial products company's stock valued at $618,000 after buying an additional 35 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its holdings in Deere & Company by 17.1% in the 4th quarter. Premier Path Wealth Partners LLC now owns 3,121 shares of the industrial products company's stock valued at $1,322,000 after buying an additional 456 shares during the last quarter. Institutional investors own 68.58% of the company's stock.

Deere & Company Price Performance

DE traded up $17.46 during 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 12-month low of $340.20 and a 12-month high of $469.39. The company's 50-day moving average is $431.48 and its two-hundred day moving average is $402.25. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The company has a market cap of $124.35 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 1.74 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last posted its 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 net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.20 billion. During the same period in the prior year, the company posted $8.26 EPS. The business's revenue for the quarter was down 32.8% compared to the same quarter last year. Research analysts forecast that Deere & Company will post 19.57 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Tuesday, December 31st. This is an increase from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio (DPR) is 25.31%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays upped their price target 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. UBS Group raised their target price on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their price target on Deere & Company from $450.00 to $470.00 and gave the stock a "neutral" rating in a report on Wednesday. Oppenheimer boosted their price objective on Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Finally, Citigroup cut their target price on Deere & Company from $470.00 to $430.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently 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.