Schnieders Capital Management LLC Has $2.92 Million Stake in Deere & Company (NYSE:DE)

Schnieders Capital Management LLC boosted its position in shares of Deere & Company (NYSE:DE) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,290 shares of the industrial products company’s stock after acquiring an additional 74 shares during the quarter. Schnieders Capital Management LLC’s holdings in Deere & Company were worth $2,915,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DE. Pinnacle Associates Ltd. raised its stake in Deere & Company by 21.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 5,355 shares of the industrial products company’s stock valued at $2,141,000 after acquiring an additional 939 shares during the period. Penserra Capital Management LLC raised its position in shares of Deere & Company by 2.4% in the third quarter. Penserra Capital Management LLC now owns 236,696 shares of the industrial products company’s stock valued at $89,322,000 after purchasing an additional 5,485 shares during the period. New Mexico Educational Retirement Board lifted its stake in shares of Deere & Company by 6.9% during the 3rd quarter. New Mexico Educational Retirement Board now owns 14,002 shares of the industrial products company’s stock worth $5,284,000 after buying an additional 900 shares during the last quarter. Centric Wealth Management bought a new stake in shares of Deere & Company during the 3rd quarter worth about $2,640,000. Finally, Graham Capital Management L.P. grew its stake in Deere & Company by 483.3% in the 3rd quarter. Graham Capital Management L.P. now owns 17,500 shares of the industrial products company’s stock valued at $6,604,000 after buying an additional 14,500 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Down 0.6 %

DE traded down $2.32 during trading on Tuesday, reaching $397.29. 1,277,979 shares of the company’s stock were exchanged, compared to its average volume of 1,487,179. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. Deere & Company has a one year low of $345.55 and a one year high of $450.00. The firm has a fifty day moving average price of $386.42 and a two-hundred day moving average price of $383.39. The stock has a market capitalization of $110.59 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.50 and a beta of 1.04.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. During the same quarter in the prior year, the firm posted $6.55 earnings per share. The business’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Deere & Company will post 27.4 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

Wall Street Analysts Forecast Growth

DE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Melius downgraded Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Evercore ISI boosted their target price on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus lowered their price target on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $433.28.

About Deere & Company

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.