Deere & Company $DE Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in Deere & Company (NYSE:DE) by 2.7% during the first quarter, HoldingsChannel.com reports. The fund owned 149,219 shares of the industrial products company’s stock after acquiring an additional 3,855 shares during the period. Cetera Investment Advisers’ holdings in Deere & Company were worth $84,055,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in DE. Vanguard Group Inc. increased its stake in shares of Deere & Company by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company’s stock valued at $10,514,053,000 after purchasing an additional 198,332 shares during the period. State Street Corp boosted its position in shares of Deere & Company by 0.9% during the fourth quarter. State Street Corp now owns 10,485,949 shares of the industrial products company’s stock worth $4,898,717,000 after buying an additional 97,049 shares during the period. Capital World Investors boosted its position in shares of Deere & Company by 53.9% during the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after buying an additional 3,358,264 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Deere & Company by 2.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,692,877 shares of the industrial products company’s stock worth $3,581,574,000 after buying an additional 158,584 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Deere & Company by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 5,600,552 shares of the industrial products company’s stock worth $2,609,149,000 after buying an additional 17,269 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Performance

DE opened at $610.38 on Friday. The company has a market capitalization of $164.77 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 2.56 and a beta of 0.89. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The business has a 50 day moving average price of $583.73 and a two-hundred day moving average price of $575.72.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $11.55 billion. During the same period last year, the firm earned $6.64 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts predict that Deere & Company will post 18.27 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is currently 36.71%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings raised Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $752.00 price target on shares of Deere & Company in a research note on Monday, June 1st. Barclays raised their price target on Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Finally, Jefferies Financial Group upgraded shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 target price for the company in a research report on Wednesday, April 8th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and an average price target of $642.98.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.