Forum Financial Management LP Purchases 1,754 Shares of Deere & Company (NYSE:DE)

Forum Financial Management LP lifted its position in Deere & Company (NYSE:DE - Free Report) by 13.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,706 shares of the industrial products company's stock after buying an additional 1,754 shares during the period. Forum Financial Management LP's holdings in Deere & Company were worth $6,231,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. grew its holdings in shares of Deere & Company by 182.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 209 shares of the industrial products company's stock worth $89,000 after acquiring an additional 135 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of Deere & Company by 2.0% in the 4th quarter. Avior Wealth Management LLC now owns 4,770 shares of the industrial products company's stock valued at $2,021,000 after purchasing an additional 93 shares during the period. Secure Asset Management LLC purchased a new position in Deere & Company in the 4th quarter worth about $358,000. Montecito Bank & Trust raised its holdings in Deere & Company by 16.4% during the 4th quarter. Montecito Bank & Trust now owns 2,925 shares of the industrial products company's stock worth $1,239,000 after buying an additional 412 shares during the period. Finally, Brighton Jones LLC raised its holdings in Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after buying an additional 1,278 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Performance

NYSE:DE traded down $0.86 during midday trading on Tuesday, reaching $509.20. The stock had a trading volume of 1,103,513 shares, compared to its average volume of 1,408,677. The stock has a market capitalization of $138.20 billion, a P/E ratio of 22.57, a PEG ratio of 2.14 and a beta of 1.08. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78. 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's fifty day simple moving average is $473.20 and its 200-day simple moving average is $459.86.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. The business had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The firm's revenue for the quarter was down 17.9% on a year-over-year basis. During the same period in the previous year, the company posted $8.53 earnings per share. On average, equities research analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Monday, March 31st were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis 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 presently 31.35%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. 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 report on Friday, May 16th. DA Davidson reaffirmed a "buy" rating and issued a $542.00 price objective on shares of Deere & Company in a research note on Friday, May 16th. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Deere & Company from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $516.75.

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.