Heck Capital Advisors LLC Makes New $1.16 Million Investment in Deere & Company (NYSE:DE)

Heck Capital Advisors LLC 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 & Exchange Commission. The firm bought 2,735 shares of the industrial products company's stock, valued at approximately $1,159,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Pineridge Advisors LLC raised its holdings in shares of 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 acquiring an additional 26 shares in the last quarter. YANKCOM Partnership bought a new position in Deere & Company during the fourth quarter valued at $34,000. Orion Capital Management LLC purchased a new position in shares of Deere & Company in the 4th quarter worth $34,000. Synergy Asset Management LLC bought a new stake in shares of Deere & Company in the 4th quarter worth about $35,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at about $44,000. 68.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DE has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Deere & Company in a report on Thursday, May 15th. UBS Group lowered their price objective on Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Bank of America lifted their target price on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Barclays lifted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Deere & Company has an average rating of "Hold" and an average price target of $516.75.

Deere & Company Trading Down 0.3%

DE traded down $1.74 on Wednesday, reaching $507.89. 739,835 shares of the company traded hands, compared to its average volume of 1,405,844. The company has a market cap of $137.85 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a one year low of $340.20 and a one year high of $533.78. The firm has a fifty day simple moving average of $473.84 and a two-hundred day simple moving average of $460.21.

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

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.28%. Deere & Company's dividend payout ratio (DPR) is 31.35%.

Deere & Company 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.