Syon Capital LLC Buys 283 Shares of Deere & Company (NYSE:DE)

Syon Capital LLC raised its stake in Deere & Company (NYSE:DE) by 20.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,665 shares of the industrial products company’s stock after purchasing an additional 283 shares during the quarter. Syon Capital LLC’s holdings in Deere & Company were worth $666,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DE. Morgan Stanley boosted its stake in shares of Deere & Company by 1.3% in the 3rd quarter. Morgan Stanley now owns 5,089,159 shares of the industrial products company’s stock valued at $1,920,548,000 after purchasing an additional 65,006 shares in the last quarter. FMR LLC boosted its stake in shares of Deere & Company by 6.6% in the 3rd quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock valued at $1,650,767,000 after purchasing an additional 269,571 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Deere & Company by 2.5% in the 3rd quarter. Northern Trust Corp now owns 3,061,715 shares of the industrial products company’s stock valued at $1,155,430,000 after purchasing an additional 73,601 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Deere & Company by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,539,699 shares of the industrial products company’s stock valued at $581,052,000 after purchasing an additional 33,946 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd boosted its stake in shares of Deere & Company by 1.1% in the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,146,220 shares of the industrial products company’s stock valued at $432,561,000 after purchasing an additional 12,825 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.2 %

NYSE:DE traded down $0.73 on Friday, reaching $393.33. 996,579 shares of the stock traded hands, compared to its average volume of 1,472,844. The company has a market capitalization of $109.49 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.48 and a beta of 1.04. 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 12 month low of $345.55 and a 12 month high of $450.00. The company’s fifty day simple moving average is $387.20 and its 200 day simple moving average is $383.54.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The firm had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $6.55 EPS. Equities analysts predict that Deere & Company will post 27.37 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared 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. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s payout ratio is presently 17.12%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DE shares. Melius cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo & Company dropped their price target on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Evercore ISI increased their price target 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. Citigroup dropped their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Finally, Melius Research reissued a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Ten 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, Deere & 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.