Ames National Corp bought a new stake in Deere & Company (NYSE:DE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,058 shares of the industrial products company's stock, valued at approximately $448,000.
Other hedge funds have also made changes to their positions in the company. Pineridge Advisors LLC increased its stake in Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after buying an additional 26 shares during the period. YANKCOM Partnership purchased a new stake in Deere & Company during the 4th quarter worth $34,000. Synergy Asset Management LLC purchased a new stake in Deere & Company during the 4th quarter worth $35,000. Sierra Ocean LLC purchased a new stake in Deere & Company during the 4th quarter worth $44,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Deere & Company during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 68.58% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on DE shares. Raymond James lifted their price target on shares of Deere & Company from $530.00 to $560.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Deere & Company from a "sell" rating to a "hold" rating in a research note on Thursday. The Goldman Sachs Group reissued a "buy" rating on shares of Deere & Company in a report on Thursday, May 15th. Baird R W lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, DA Davidson reissued a "buy" rating and set a $542.00 price objective on shares of Deere & Company in a report on Friday, May 16th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Deere & Company currently has an average rating of "Hold" and a consensus target price of $516.75.
Get Our Latest Research Report on Deere & Company
Deere & Company Stock Performance
Deere & Company stock traded down $5.82 during midday trading on Friday, reaching $509.83. 850,750 shares of the stock traded hands, compared to its average volume of 1,410,310. The firm has a fifty day moving average price of $472.60 and a two-hundred day moving average price of $458.36. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The firm has a market cap of $138.37 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.14 and a beta of 1.08. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.72 by $0.92. The company had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The company's revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.53 earnings per share. On average, equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Announces Dividend
The business also recently announced 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.27%. Deere & Company's payout ratio is 31.35%.
Deere & Company Company Profile
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Free Report)
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.
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