Baer Investment Advisory LLC Acquires Shares of 6,290 Deere & Company (NYSE:DE)

Baer Investment Advisory LLC bought 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 & Exchange Commission. The firm bought 6,290 shares of the industrial products company's stock, valued at approximately $2,665,000. Deere & Company accounts for 5.5% of Baer Investment Advisory LLC's investment portfolio, making the stock its 9th biggest position.

Several other institutional investors have also recently made changes to their positions in DE. Pineridge Advisors LLC boosted its holdings in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after purchasing an additional 26 shares in the last quarter. YANKCOM Partnership bought a new position in shares of Deere & Company during the 4th quarter valued at $34,000. Orion Capital Management LLC bought a new position in shares of Deere & Company during the 4th quarter valued at $34,000. Synergy Asset Management LLC purchased a new position in Deere & Company in the 4th quarter worth $35,000. Finally, Sierra Ocean LLC bought a new stake in Deere & Company in the fourth quarter worth $44,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on DE shares. JPMorgan Chase & Co. lifted their price objective on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Oppenheimer increased their price objective on Deere & Company from $513.00 to $555.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Robert W. Baird lifted their target price on shares of Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Argus set a $510.00 price target on shares of Deere & Company in a research report on Friday, March 7th. Finally, Evercore ISI upped their price objective on shares of Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Deere & Company currently has an average rating of "Hold" and a consensus target price of $516.75.

Deere & Company Stock Down 0.2%

DE stock traded down $0.86 during midday trading on Tuesday, hitting $509.20. The stock had a trading volume of 1,103,513 shares, compared to its average volume of 1,408,677. The business has a 50-day moving average of $473.20 and a two-hundred day moving average of $459.86. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The firm has a market cap of $138.20 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results 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. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The business had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the firm earned $8.53 earnings per share. The business's revenue for the quarter was down 17.9% on a year-over-year basis. As a group, equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is 31.35%.

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.