Deere & Company (NYSE:DE) Stock Holdings Boosted by Good Life Advisors LLC

Good Life Advisors LLC grew its holdings in Deere & Company (NYSE:DE) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,049 shares of the industrial products company’s stock after purchasing an additional 272 shares during the period. Good Life Advisors LLC’s holdings in Deere & Company were worth $1,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its stake in shares of Deere & Company by 104,373.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,219,883 shares of the industrial products company’s stock valued at $1,380,557,000 after buying an additional 3,216,801 shares during the period. Norges Bank acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $1,326,177,000. Morgan Stanley grew its stake in shares of Deere & Company by 13.8% during the fourth quarter. Morgan Stanley now owns 4,576,183 shares of the industrial products company’s stock worth $1,962,085,000 after purchasing an additional 554,133 shares during the period. First Trust Advisors LP grew its stake in Deere & Company by 561.5% in the first quarter. First Trust Advisors LP now owns 531,339 shares of the industrial products company’s stock valued at $219,379,000 after acquiring an additional 451,019 shares during the period. Finally, CI Private Wealth LLC acquired a new position in Deere & Company in the fourth quarter valued at about $139,112,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on DE shares. Citigroup dropped their target price on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft reduced their price target on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Morgan Stanley began coverage on Deere & Company in a report on Monday, January 8th. They issued an “overweight” rating and a $430.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Deere & Company from $380.00 to $385.00 and gave the company a “neutral” rating in a report on Monday, December 4th. Finally, Evercore ISI increased their price target on Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $431.69.

Deere & Company Stock Up 0.4 %

Shares of NYSE DE traded up $1.60 during trading on Thursday, reaching $410.74. 1,423,721 shares of the stock were exchanged, compared to its average volume of 1,531,753. The company has a market capitalization of $114.33 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00. The business’s 50-day moving average price is $379.82 and its 200 day moving average price is $381.32. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the previous year, the firm posted $6.55 earnings per share. Deere & Company’s revenue was down 8.0% compared to the same quarter last year. As a group, equities analysts forecast that Deere & Company will post 27.41 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio is 17.12%.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.