Bordeaux Wealth Advisors LLC Purchases 64 Shares of Deere & Company (NYSE:DE)

Bordeaux Wealth Advisors LLC boosted its stake in shares of Deere & Company (NYSE:DE) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 732 shares of the industrial products company’s stock after purchasing an additional 64 shares during the quarter. Bordeaux Wealth Advisors LLC’s holdings in Deere & Company were worth $293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc bought a new position in Deere & Company during the third quarter worth $25,000. ZRC Wealth Management LLC bought a new position in Deere & Company during the fourth quarter worth $28,000. Rakuten Securities Inc. bought a new position in Deere & Company during the fourth quarter worth $28,000. Naples Money Management LLC bought a new position in Deere & Company during the fourth quarter worth $29,000. Finally, Bfsg LLC bought a new stake in shares of Deere & Company in the fourth quarter valued at about $30,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Price Performance

Shares of Deere & Company stock traded up $4.91 during midday trading on Friday, hitting $400.87. 1,626,956 shares of the company traded hands, compared to its average volume of 1,472,102. The firm’s fifty day moving average price is $390.73 and its 200-day moving average price is $383.84. The stock has a market cap of $111.59 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.46 and a beta of 1.04. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share 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 analyst estimates of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the business posted $6.55 earnings per share. As a group, sell-side analysts forecast that Deere & Company will post 27.37 earnings per share for the current year.

Deere & Company Announces Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Citigroup cut their price objective on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft reduced their price target on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Melius lowered Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo & Company cut their target price on Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Finally, Melius Research restated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. 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, the company has an average 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.