Tudor Financial Inc. Makes New $239,000 Investment in Deere & Company (NYSE:DE)

Tudor Financial Inc. acquired a new stake in 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 acquired 565 shares of the industrial products company's stock, valued at approximately $239,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hoese & Co LLP acquired a new position in Deere & Company in the fourth quarter valued at approximately $70,000. DLK Investment Management LLC increased its holdings in shares of Deere & Company by 0.3% during the 4th quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock valued at $3,479,000 after purchasing an additional 24 shares in the last quarter. Mechanics Bank Trust Department lifted its stake in shares of Deere & Company by 23.8% in the 4th quarter. Mechanics Bank Trust Department now owns 1,776 shares of the industrial products company's stock valued at $752,000 after purchasing an additional 342 shares during the period. Mandatum Life Insurance Co Ltd boosted its holdings in Deere & Company by 37.5% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 2,938 shares of the industrial products company's stock worth $1,245,000 after buying an additional 801 shares in the last quarter. Finally, Grove Bank & Trust grew its position in Deere & Company by 2.6% during the fourth quarter. Grove Bank & Trust now owns 1,601 shares of the industrial products company's stock valued at $678,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

Analyst Ratings Changes

DE has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of 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 Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Jefferies Financial Group cut Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a research report on Friday, December 6th. UBS Group increased their target price on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Finally, Citigroup cut their price target on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $442.83.

Deere & Company Trading Up 1.7 %

Shares of DE traded up $7.62 during midday trading on Tuesday, reaching $463.06. The company had a trading volume of 1,733,614 shares, compared to its average volume of 1,386,234. The firm has a 50 day simple moving average of $432.55 and a 200-day simple moving average of $403.19. 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 stock has a market cap of $126.11 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.81 and a beta of 0.98. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping 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 company 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 earnings per share. Deere & Company's quarterly revenue was down 32.8% compared to the same quarter last year. Research analysts forecast that Deere & Company will post 19.34 EPS 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 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 dividend on an annualized basis and a dividend yield of 1.40%. 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.