Snowden Capital Advisors LLC Lowers Position in Deere & Company (NYSE:DE)

Snowden Capital Advisors LLC cut its holdings in Deere & Company (NYSE:DE - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,795 shares of the industrial products company's stock after selling 570 shares during the quarter. Snowden Capital Advisors LLC's holdings in Deere & Company were worth $3,315,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DE. Compass Financial Services Inc purchased a new stake in Deere & Company in the fourth quarter valued at about $254,000. Banque Pictet & Cie SA grew its position in Deere & Company by 2.0% during the 4th quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock worth $33,165,000 after purchasing an additional 1,500 shares during the last quarter. Spectrum Financial Alliance Ltd LLC increased its stake in Deere & Company by 2.9% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock valued at $21,021,000 after purchasing an additional 1,407 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Deere & Company in the fourth quarter worth $847,000. Finally, BankPlus Trust Department acquired a new stake in shares of Deere & Company during the fourth quarter worth $1,127,000. Institutional investors own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of research analyst reports. StockNews.com upgraded Deere & Company from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. UBS Group dropped their target price on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Raymond James raised their price target on shares of Deere & Company from $530.00 to $560.00 and gave the stock an "outperform" rating in a research report on Friday. Morgan Stanley raised their price target on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Finally, Bank of America raised their price target on shares of Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research report on Friday. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $513.00.

Deere & Company Price Performance

NYSE:DE traded down $3.97 during trading hours on Tuesday, reaching $525.86. 1,250,452 shares of the company were exchanged, compared to its average volume of 1,416,574. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The firm has a market cap of $142.73 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The stock's 50-day moving average is $469.45 and its 200-day moving average is $455.92.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The firm's revenue for the quarter was down 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $8.53 EPS. On average, sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is currently 28.72%.

Deere & Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.