Integrated Advisors Network LLC Has $2.31 Million Stock Holdings in Deere & Company (NYSE:DE)

Integrated Advisors Network LLC grew its holdings in Deere & Company (NYSE:DE - Free Report) by 47.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,453 shares of the industrial products company's stock after buying an additional 1,764 shares during the quarter. Integrated Advisors Network LLC's holdings in Deere & Company were worth $2,310,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in Deere & Company in the fourth quarter valued at about $1,244,094,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth approximately $541,437,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Deere & Company by 19.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock worth $2,792,082,000 after acquiring an additional 1,095,736 shares during the period. FMR LLC increased its stake in Deere & Company by 22.9% in the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock valued at $2,364,843,000 after purchasing an additional 1,039,395 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Deere & Company during the fourth quarter worth $296,232,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Price Performance

NYSE DE traded up $2.32 during midday trading on Friday, hitting $505.77. The company had a trading volume of 1,686,451 shares, compared to its average volume of 1,400,784. The firm has a 50-day moving average price of $475.54 and a 200-day moving average price of $462.50. The company has a market capitalization of $137.27 billion, a PE ratio of 22.42, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78.

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

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, June 30th. Deere & Company's payout ratio is currently 31.35%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Argus set a $510.00 price objective on Deere & Company in a research report on Friday, March 7th. The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a report on Thursday, May 15th. Morgan Stanley boosted their price objective on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Citigroup cut their price target on Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $515.19.

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.