Strategic Wealth Investment Group LLC bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 350,151 shares of the industrial products company's stock, valued at approximately $148,359,000. Deere & Company makes up approximately 10.0% of Strategic Wealth Investment Group LLC's holdings, making the stock its largest holding. Strategic Wealth Investment Group LLC owned approximately 0.13% of Deere & Company as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Modus Advisors LLC purchased a new position in Deere & Company in the 4th quarter worth $32,000. Livelsberger Financial Advisory purchased a new stake in Deere & Company in the third quarter valued at $32,000. Continuum Advisory LLC raised its stake in shares of Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after buying an additional 67 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Deere & Company in the 3rd quarter valued at about $47,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Deere & Company in the 3rd quarter valued at about $55,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.
Deere & Company Stock Up 0.4 %
Shares of NYSE:DE opened at $479.91 on Friday. The company has a market capitalization of $130.70 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 2.95 and a beta of 0.98. Deere & Company has a 12-month low of $340.20 and a 12-month high of $485.84. The business has a 50-day moving average price of $443.22 and a 200 day moving average price of $408.60. 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 released its quarterly 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 the consensus estimate of $9.20 billion. During the same period in the previous year, the firm earned $8.26 EPS. The business's revenue was down 32.8% on a year-over-year basis. Sell-side analysts expect that Deere & Company will post 19.38 EPS for the current year.
Deere & Company Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a $1.62 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost 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 presently 25.31%.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. Jefferies Financial Group cut 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. UBS Group increased their price target on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Barclays increased their target price on Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Finally, Citigroup dropped their target price on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $444.50.
Read Our Latest Research Report 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.
Recommended Stories
Before you consider Deere & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.
While Deere & Company currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
