J.W. Cole Advisors Inc. Buys 3,081 Shares of Deere & Company (NYSE:DE)

J.W. Cole Advisors Inc. lifted its position in shares of Deere & Company (NYSE:DE - Free Report) by 41.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,509 shares of the industrial products company's stock after purchasing an additional 3,081 shares during the period. J.W. Cole Advisors Inc.'s holdings in Deere & Company were worth $4,932,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DE. Price T Rowe Associates Inc. MD lifted its holdings in Deere & Company by 19.9% in the fourth 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 buying an additional 1,095,736 shares during the period. Capital World Investors lifted its stake in shares of Deere & Company by 2.7% during the 4th quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company's stock valued at $2,566,884,000 after buying an additional 157,224 shares in the last quarter. FMR LLC lifted 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 worth $2,364,843,000 after purchasing an additional 1,039,395 shares in the last quarter. Geode Capital Management LLC lifted its stake in Deere & Company by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,305,571 shares of the industrial products company's stock worth $2,247,216,000 after purchasing an additional 97,203 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Deere & Company during the 4th quarter valued at about $1,244,094,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson restated a "buy" rating and issued a $542.00 target price on shares of Deere & Company in a research note on Friday, May 16th. Melius upgraded shares of Deere & Company from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Melius Research upgraded shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 6th. UBS Group decreased their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $515.50.

Deere & Company Stock Up 0.2%

Shares of NYSE:DE opened at $499.95 on Monday. The firm has a 50 day simple moving average of $512.85 and a 200-day simple moving average of $481.48. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The company has a market capitalization of $135.40 billion, a PE ratio of 24.19, a P/E/G ratio of 3.17 and a beta of 1.08. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE - Get Free Report) last announced 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. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The company had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm earned $8.53 EPS. Deere & Company's quarterly revenue was down 17.9% on a year-over-year basis. On average, equities analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.30%. Deere & Company's payout ratio 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.

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