Secure Asset Management LLC Makes New $358,000 Investment in Deere & Company (NYSE:DE)

Secure Asset Management LLC acquired a new position in Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 845 shares of the industrial products company's stock, valued at approximately $358,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company in the third quarter valued at approximately $32,000. Modus Advisors LLC purchased a new position in shares of Deere & Company during the 4th quarter worth about $32,000. Centennial Bank AR boosted its holdings 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 purchasing an additional 84 shares during the last quarter. Continuum Advisory LLC grew its position in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 67 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Deere & Company during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Performance

Deere & Company stock traded up $4.18 during trading hours on Friday, reaching $478.90. 1,400,742 shares of the company were exchanged, compared to its average volume of 1,025,682. Deere & Company has a 12 month low of $340.20 and a 12 month high of $479.48. The firm has a market cap of $130.43 billion, a price-to-earnings ratio of 18.71, a PEG 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. The stock has a 50-day moving average of $438.55 and a 200 day moving average of $405.66.

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, beating 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 business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same period last year, the business posted $8.26 EPS. Deere & Company's revenue was down 32.8% compared to the same quarter last year. As a group, research analysts anticipate that Deere & Company will post 19.34 earnings per share for the current 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 issued a dividend of $1.62 per share. 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. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. Deere & Company's payout ratio is 25.31%.

Analysts Set New Price Targets

DE has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Deere & Company from $450.00 to $470.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Oppenheimer increased their price target on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Barclays lifted their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Morgan Stanley increased their price target on Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group lowered shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. 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, Deere & Company has an average rating of "Hold" and a consensus target price 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.