Deere & Company (NYSE:DE) Shares Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC grew its position in Deere & Company (NYSE:DE) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 557 shares of the industrial products company’s stock after purchasing an additional 25 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Deere & Company were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DE. Private Client Services LLC acquired a new stake in Deere & Company in the fourth quarter valued at $203,000. Peoples Bank KS increased its holdings in shares of Deere & Company by 335.6% in the 4th quarter. Peoples Bank KS now owns 1,298 shares of the industrial products company’s stock valued at $550,000 after acquiring an additional 1,000 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Deere & Company during the 4th quarter worth about $300,000. First County Bank CT lifted its stake in Deere & Company by 5.6% during the fourth quarter. First County Bank CT now owns 748 shares of the industrial products company’s stock worth $317,000 after purchasing an additional 40 shares during the last quarter. Finally, Spartan Planning & Wealth Management purchased a new stake in Deere & Company during the fourth quarter worth approximately $206,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DE has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Oppenheimer increased their target price on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Morgan Stanley boosted their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their target price on Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $443.94.

Deere & Company Stock Performance

Shares of DE opened at $409.70 on Thursday. The stock has a market capitalization of $111.26 billion, a P/E ratio of 16.00, a P/E/G ratio of 1.91 and a beta of 0.98. The company’s fifty day moving average is $427.74 and its two-hundred day moving average is $399.42. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a 1 year low of $340.20 and a 1 year high of $469.39.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s revenue for the quarter was down 32.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.26 EPS. On average, sell-side analysts predict that Deere & Company will post 19.52 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.58%. Deere & Company’s dividend payout ratio is presently 25.31%.

Deere & 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.