Dynamic Advisor Solutions LLC lowered its stake in shares of Deere & Company (NYSE:DE – Get Rating) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,187 shares of the industrial products company’s stock after selling 32 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Deere & Company were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. RVW Wealth LLC purchased a new position in shares of Deere & Company during the fourth quarter valued at about $204,000. Mutual Advisors LLC grew its holdings in Deere & Company by 11.9% in the fourth quarter. Mutual Advisors LLC now owns 4,278 shares of the industrial products company’s stock worth $1,834,000 after purchasing an additional 454 shares during the period. MBL Wealth LLC grew its holdings in Deere & Company by 21.1% in the fourth quarter. MBL Wealth LLC now owns 988 shares of the industrial products company’s stock worth $424,000 after purchasing an additional 172 shares during the period. Valley National Advisers Inc. grew its holdings in Deere & Company by 1.8% in the fourth quarter. Valley National Advisers Inc. now owns 2,067 shares of the industrial products company’s stock worth $895,000 after purchasing an additional 37 shares during the period. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Deere & Company in the fourth quarter worth about $237,000. Hedge funds and other institutional investors own 75.72% of the company’s stock.
Analysts Set New Price Targets
DE has been the topic of a number of recent research reports. UBS Group upped their price objective on shares of Deere & Company from $374.00 to $452.00 and gave the stock a “neutral” rating in a report on Friday, November 25th. The Goldman Sachs Group increased their price target on shares of Deere & Company from $420.00 to $462.00 and gave the company a “buy” rating in a report on Monday, November 28th. Credit Suisse Group increased their price target on shares of Deere & Company from $447.00 to $582.00 and gave the company an “outperform” rating in a report on Friday, November 25th. Sanford C. Bernstein increased their price target on shares of Deere & Company from $364.00 to $398.00 and gave the company a “market perform” rating in a report on Tuesday, February 21st. Finally, Argus increased their price target on shares of Deere & Company from $475.00 to $485.00 and gave the stock a “buy” rating in a research report on Tuesday, February 21st. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $460.81.
Deere & Company Stock Performance
Deere & Company (NYSE:DE – Get Rating) last posted its earnings results on Friday, February 17th. The industrial products company reported $6.55 earnings per share for the quarter, beating the consensus estimate of $5.53 by $1.02. The company had revenue of $11.40 billion during the quarter, compared to analysts’ expectations of $11.14 billion. Deere & Company had a net margin of 14.71% and a return on equity of 41.17%. Deere & Company’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the company posted $2.92 earnings per share. Equities analysts anticipate that Deere & Company will post 30.58 earnings per share for the current fiscal year.
Deere & Company Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, May 8th. Investors of record on Friday, March 31st will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.28%. This is a boost from Deere & Company’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, March 30th. Deere & Company’s dividend payout ratio (DPR) is presently 17.80%.
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.
Further Reading
- Get a free copy of the StockNews.com research report on Deere & Company (DE)
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