Accurate Wealth Management LLC lifted its position in shares of Deere & Company (NYSE:DE – Get Rating) by 139.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,520 shares of the industrial products company’s stock after acquiring an additional 884 shares during the quarter. Accurate Wealth Management LLC’s holdings in Deere & Company were worth $665,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Cetera Investment Advisers lifted its position in Deere & Company by 13.5% during the 2nd quarter. Cetera Investment Advisers now owns 19,222 shares of the industrial products company’s stock valued at $5,756,000 after purchasing an additional 2,291 shares during the period. California Public Employees Retirement System boosted its stake in Deere & Company by 17.5% in the third quarter. California Public Employees Retirement System now owns 633,261 shares of the industrial products company’s stock valued at $211,440,000 after acquiring an additional 94,311 shares during the last quarter. Mutual Advisors LLC grew its holdings in Deere & Company by 9.3% during the 3rd quarter. Mutual Advisors LLC now owns 3,824 shares of the industrial products company’s stock worth $1,277,000 after acquiring an additional 324 shares during the period. Engineers Gate Manager LP bought a new stake in shares of Deere & Company during the 3rd quarter valued at $374,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Deere & Company by 7.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 56,260 shares of the industrial products company’s stock valued at $18,784,000 after purchasing an additional 4,128 shares during the period. Institutional investors and hedge funds own 75.72% of the company’s stock.
Deere & Company Stock Down 1.4 %
DE traded down $5.61 during trading hours on Friday, hitting $385.50. 3,124,604 shares of the company’s stock were exchanged, compared to its average volume of 1,550,939. The stock has a market cap of $114.23 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 1.07 and a beta of 1.05. Deere & Company has a 1-year low of $283.81 and a 1-year high of $448.40. The stock’s 50-day moving average is $417.58 and its two-hundred day moving average is $402.89. The company has a quick ratio of 1.76, a current ratio of 2.07 and a debt-to-equity ratio of 1.64.
Deere & Company Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, May 8th. Shareholders of record on Friday, March 31st will be given a dividend of $1.25 per share. This is a positive change from Deere & Company’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, March 30th. This represents a $5.00 annualized dividend and a dividend yield of 1.30%. Deere & Company’s payout ratio is 17.80%.
Wall Street Analysts Forecast Growth
DE has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Deere & Company from $374.00 to $452.00 and gave the company a “neutral” rating in a report on Friday, November 25th. Morgan Stanley lifted their price objective on shares of Deere & Company from $522.00 to $537.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 21st. StockNews.com began coverage on shares of Deere & Company in a research note on Thursday. They issued a “buy” rating for the company. Wells Fargo & Company lifted their price target on shares of Deere & Company from $485.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, February 20th. Finally, The Goldman Sachs Group upped their price objective on shares of Deere & Company from $420.00 to $462.00 and gave the company a “buy” rating in a research report on Monday, November 28th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $460.81.
About Deere & Company
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.
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