Stonegate Investment Group LLC Has $48.87 Million Holdings in Deere & Company (NYSE:DE)

Stonegate Investment Group LLC boosted its stake in Deere & Company (NYSE:DE - Free Report) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,333 shares of the industrial products company's stock after acquiring an additional 1,291 shares during the quarter. Stonegate Investment Group LLC's holdings in Deere & Company were worth $48,867,000 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. Lighthouse Investment Partners LLC acquired a new position in Deere & Company during the second quarter worth $237,000. SkyView Investment Advisors LLC boosted its stake in shares of Deere & Company by 14.1% during the 2nd quarter. SkyView Investment Advisors LLC now owns 1,030 shares of the industrial products company's stock worth $385,000 after buying an additional 127 shares during the last quarter. Ascent Group LLC grew its holdings in shares of Deere & Company by 11.6% in the 2nd quarter. Ascent Group LLC now owns 1,620 shares of the industrial products company's stock valued at $605,000 after acquiring an additional 168 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of Deere & Company in the second quarter valued at about $615,000. Finally, NewEdge Advisors LLC increased its position in shares of Deere & Company by 2.6% in the second quarter. NewEdge Advisors LLC now owns 19,150 shares of the industrial products company's stock valued at $7,155,000 after acquiring an additional 493 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target 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 boosted their target price on shares of Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Tuesday. Barclays upped their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. 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. Finally, Citigroup cut their target price on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Deere & Company presently has an average rating of "Hold" and a consensus target price of $444.50.

Deere & Company Price Performance

Shares of DE traded down $3.56 during midday trading on Tuesday, hitting $480.59. The company's stock had a trading volume of 1,642,397 shares, compared to its average volume of 1,421,406. 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 has a one year low of $340.20 and a one year high of $485.84. The stock has a market capitalization of $130.89 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. The company's fifty day simple moving average is $440.14 and its two-hundred day simple moving average is $407.30.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business's revenue for the quarter was down 32.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.26 earnings per share. As a group, equities analysts expect that Deere & Company will post 19.34 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors 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 yield of 1.35%. This is a boost from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company's dividend payout ratio is currently 25.31%.

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.