Deere & Company (NYSE:DE) Holdings Decreased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. decreased its holdings in shares of Deere & Company (NYSE:DE) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 607 shares of the industrial products company’s stock after selling 51 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Deere & Company were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Briaud Financial Planning Inc purchased a new position in Deere & Company in the third quarter valued at about $25,000. Retirement Group LLC grew its stake in Deere & Company by 264.7% in the second quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. ZRC Wealth Management LLC purchased a new position in Deere & Company in the fourth quarter valued at about $28,000. Worth Asset Management LLC purchased a new position in Deere & Company in the first quarter valued at about $28,000. Finally, Milestone Investment Advisors LLC purchased a new position in Deere & Company in the third quarter valued at about $37,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 3.8 %

Deere & Company stock opened at $397.27 on Friday. The business has a 50 day moving average price of $384.71 and a two-hundred day moving average price of $382.38. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The stock has a market cap of $110.58 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00.

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

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be issued a $1.47 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.48%. Deere & Company’s payout ratio is presently 17.12%.

Analysts Set New Price Targets

DE has been the topic of a number of recent research reports. Evercore ISI boosted their target price 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. Morgan Stanley began coverage on Deere & Company in a research note on Monday, January 8th. They set an “overweight” rating and a $430.00 price target for the company. JPMorgan Chase & Co. upped their price target on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup decreased their price target on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Finally, Stifel Nicolaus decreased their price target on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $433.28.

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.