Andrew Hill Investment Advisors Inc. bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,467 shares of the industrial products company's stock, valued at approximately $1,614,000. Deere & Company comprises about 1.2% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 24th biggest holding.
Other large investors have also recently made changes to their positions in the company. Strategic Advocates LLC bought a new position in Deere & Company in the 3rd quarter worth about $25,000. Activest Wealth Management boosted its stake in Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company's stock worth $30,000 after purchasing an additional 27 shares during the period. Wealth Watch Advisors INC bought a new position in Deere & Company in the 3rd quarter worth about $32,000. United Community Bank boosted its stake in Deere & Company by 67.3% in the 3rd quarter. United Community Bank now owns 92 shares of the industrial products company's stock worth $42,000 after purchasing an additional 37 shares during the period. Finally, GoalVest Advisory LLC boosted its stake in Deere & Company by 56.7% in the 4th quarter. GoalVest Advisory LLC now owns 94 shares of the industrial products company's stock worth $44,000 after purchasing an additional 34 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.
Deere & Company Stock Performance
Shares of NYSE DE opened at $603.94 on Monday. The stock has a market cap of $163.13 billion, a price-to-earnings ratio of 34.04, a P/E/G ratio of 2.11 and a beta of 0.98. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The stock's 50-day moving average is $591.99 and its 200 day moving average is $517.68.
Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.52. The company had revenue of $9.61 billion for the quarter, compared to analysts' expectations of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.Deere & Company's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $3.19 EPS. On average, sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.
Deere & Company Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Deere & Company's payout ratio is 36.53%.
Key Stories Impacting Deere & Company
Here are the key news stories impacting Deere & Company this week:
Wall Street Analysts Forecast Growth
Several brokerages have commented on DE. DA Davidson raised their target price on Deere & Company from $580.00 to $775.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Bank of America raised their target price on Deere & Company from $502.00 to $672.00 and gave the stock a "neutral" rating in a research note on Friday, February 20th. Jefferies Financial Group upgraded Deere & Company from an "underperform" rating to a "hold" rating and set a $550.00 target price for the company in a research note on Wednesday, April 8th. Wall Street Zen raised Deere & Company from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Finally, Royal Bank Of Canada raised their price target on Deere & Company from $541.00 to $736.00 and gave the company an "outperform" rating in a report on Friday, February 20th. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Deere & Company currently has a consensus rating of "Moderate Buy" and an average target price of $655.45.
Check Out Our Latest Analysis on DE
Insider Buying and Selling
In other Deere & Company news, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total value of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares of the company's stock, valued at $10,603,920. The trade was a 36.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by company insiders.
Deere & Company Company Profile
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Free Report)
Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.
The company's principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.
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