Woodline Partners LP Acquires Shares of 15,281 Deere & Company (NYSE:DE)

Woodline Partners LP purchased a new position in shares of Deere & Company (NYSE:DE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,281 shares of the industrial products company's stock, valued at approximately $6,475,000.

A number of other large investors have also recently bought and sold shares of the business. Victrix Investment Advisors acquired a new stake in Deere & Company during the 4th quarter worth $346,000. Vident Advisory LLC raised its position in Deere & Company by 150.4% during the 4th quarter. Vident Advisory LLC now owns 10,933 shares of the industrial products company's stock worth $4,633,000 after buying an additional 6,566 shares during the last quarter. Visionary Wealth Advisors raised its position in Deere & Company by 12.8% during the 4th quarter. Visionary Wealth Advisors now owns 1,196 shares of the industrial products company's stock worth $507,000 after buying an additional 136 shares during the last quarter. Vivaldi Capital Management LP raised its position in Deere & Company by 8,104.2% during the 4th quarter. Vivaldi Capital Management LP now owns 53,081 shares of the industrial products company's stock worth $22,490,000 after buying an additional 52,434 shares during the last quarter. Finally, St. Clair Advisors LLC purchased a new position in Deere & Company during the 4th quarter worth $212,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on DE. DA Davidson restated a "buy" rating and set a $542.00 price objective on shares of Deere & Company in a research report on Friday, May 16th. BMO Capital Markets reiterated a "market perform" rating and issued a $460.00 price target (up previously from $425.00) on shares of Deere & Company in a report on Wednesday, May 21st. Evercore ISI increased their price target on shares of Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Robert W. Baird increased their price target on shares of Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a report on Thursday, May 15th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Deere & Company presently has an average rating of "Hold" and a consensus price target of $516.75.

Deere & Company Stock Performance

DE stock traded down $4.21 during trading on Thursday, hitting $503.78. 210,336 shares of the company's stock traded hands, compared to its average volume of 1,401,189. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. The stock has a fifty day moving average price of $474.56 and a two-hundred day moving average price of $460.54. The stock has a market capitalization of $136.73 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. The business had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The company's quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.53 earnings per share. As a group, equities analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.29%. Deere & Company's payout ratio is currently 31.35%.

About Deere & Company

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.