D.A. Davidson & CO. Has $38.54 Million Stock Holdings in Deere & Company $DE

Key Points

• D.A. Davidson & CO. increased its stake in Deere by 4.9% in Q4 and now owns 82,776 shares valued at about $38.54 million.
• Deere posted an earnings beat with EPS of $2.42 (consensus $1.90) and revenue of $9.61 billion, up 17.5% year‑over‑year.
• Analysts have a consensus "Moderate Buy" on Deere with a consensus target of $655.45 (16 Buys vs. 9 Holds), and several firms recently raised targets as high as $765.

D.A. Davidson & CO. boosted its position in shares of Deere & Company (NYSE:DE - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,776 shares of the industrial products company's stock after buying an additional 3,847 shares during the quarter. D.A. Davidson & CO.'s holdings in Deere & Company were worth $38,538,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DE. Strategic Advocates LLC acquired a new position in shares of Deere & Company in the 3rd quarter valued at $25,000. Key Capital Management INC acquired a new position in shares of Deere & Company in the 4th quarter valued at $27,000. Activest Wealth Management lifted its stake in shares of Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 27 shares during the period. Wealth Watch Advisors INC acquired a new position in shares of Deere & Company in the 3rd quarter valued at $32,000. Finally, High Point Wealth Management LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on Deere & Company from $460.00 to $500.00 and gave the company a "market perform" rating in a research note on Friday, February 20th. Weiss Ratings reissued a "hold (c+)" rating on shares of Deere & Company in a research note on Monday, December 29th. Wolfe Research increased their price target on Deere & Company from $550.00 to $660.00 and gave the company an "outperform" rating in a research note on Tuesday, March 31st. Barclays increased their price target on Deere & Company from $530.00 to $640.00 and gave the company an "overweight" rating in a research note on Tuesday, March 31st. Finally, Raymond James Financial reissued an "outperform" rating and issued a $765.00 price target on shares of Deere & Company in a research note on Monday, February 23rd. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Deere & Company has a consensus rating of "Moderate Buy" and a consensus target price of $655.45.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $562.54 on Monday. The company has a market capitalization of $151.95 billion, a PE ratio of 31.71, a PEG ratio of 1.96 and a beta of 0.98. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. The stock's fifty day simple moving average is $593.61 and its 200 day simple moving average is $526.56.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate of $1.90 by $0.52. The business had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm's revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.19 EPS. On average, research analysts predict that Deere & Company will post 18.01 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Tuesday, March 31st will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Deere & Company's dividend payout ratio (DPR) is presently 36.53%.

Deere & Company Profile

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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