Deere & Company (NYSE:DE) Shares Bought by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC lifted its holdings in Deere & Company (NYSE:DE) by 5.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,334 shares of the industrial products company’s stock after purchasing an additional 111 shares during the period. Connecticut Wealth Management LLC’s holdings in Deere & Company were worth $933,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its holdings in shares of Deere & Company by 35.7% in the 4th quarter. National Bank of Canada FI now owns 176,725 shares of the industrial products company’s stock valued at $70,724,000 after purchasing an additional 46,476 shares in the last quarter. Alan B Lancz & Associates Inc. lifted its holdings in Deere & Company by 29.4% during the 4th quarter. Alan B Lancz & Associates Inc. now owns 1,100 shares of the industrial products company’s stock worth $440,000 after buying an additional 250 shares during the last quarter. TCG Advisory Services LLC acquired a new position in shares of Deere & Company during the 4th quarter worth about $512,000. Royal Fund Management LLC increased its holdings in shares of Deere & Company by 2.5% in the 4th quarter. Royal Fund Management LLC now owns 3,344 shares of the industrial products company’s stock valued at $1,337,000 after acquiring an additional 82 shares during the last quarter. Finally, AJOVista LLC acquired a new stake in shares of Deere & Company during the 4th quarter worth about $166,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Up 1.3 %

Shares of DE traded up $5.00 during trading on Friday, reaching $400.96. The company’s stock had a trading volume of 1,626,960 shares, compared to its average volume of 1,337,641. The company has a market cap of $111.61 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.51 and a beta of 1.04. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00. The company has a fifty day moving average of $391.45 and a two-hundred day moving average of $383.87. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last posted its 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. The company had revenue of $10.49 billion during the quarter, compared to analyst estimates of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business’s revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $6.55 earnings per share. On average, sell-side analysts predict that Deere & Company will post 27.37 EPS 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. Investors of record on Friday, March 29th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.47%. Deere & Company’s dividend payout ratio is presently 17.12%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DE. JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Citigroup reduced their price objective 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. Deutsche Bank Aktiengesellschaft reduced their price target on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a report on Friday, February 16th. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Finally, Stifel Nicolaus dropped their price target on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Deere & Company presently has an average rating of “Hold” and an average 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.