Deere & Company (NYSE:DE) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV decreased its stake in shares of Deere & Company (NYSE:DE) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,535 shares of the industrial products company’s stock after selling 90 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Deere & Company were worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DE. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Deere & Company by 55.5% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 28,098 shares of the industrial products company’s stock valued at $11,236,000 after buying an additional 10,029 shares during the period. VCI Wealth Management LLC acquired a new stake in Deere & Company in the fourth quarter valued at approximately $1,166,000. Abbrea Capital LLC increased its position in shares of Deere & Company by 2.8% in the fourth quarter. Abbrea Capital LLC now owns 1,288 shares of the industrial products company’s stock valued at $517,000 after buying an additional 35 shares in the last quarter. Syon Capital LLC raised its position in Deere & Company by 20.5% during the fourth quarter. Syon Capital LLC now owns 1,665 shares of the industrial products company’s stock worth $666,000 after acquiring an additional 283 shares during the period. Finally, Pittenger & Anderson Inc. boosted its holdings in Deere & Company by 29.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 388 shares of the industrial products company’s stock worth $155,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.2 %

NYSE:DE traded down $0.66 during midday trading on Thursday, hitting $393.96. 1,316,485 shares of the company were exchanged, compared to its average volume of 1,478,384. 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 fifty-two week low of $345.55 and a fifty-two week high of $450.00. The company has a market capitalization of $109.66 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.49 and a beta of 1.04. The company has a fifty day simple moving average of $387.20 and a 200 day simple moving average of $383.54.

Deere & Company (NYSE:DE) last released 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. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. During the same quarter in the prior year, the firm earned $6.55 EPS. Deere & Company’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Deere & Company will post 27.37 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s dividend payout ratio is presently 17.12%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DE. Melius downgraded Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup lowered their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Morgan Stanley initiated coverage on shares of Deere & Company in a report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price objective for the company. Evercore ISI increased their price target on Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.