Vermillion Wealth Management Inc. Takes $452,000 Position in Deere & Company (NYSE:DE)

Vermillion Wealth Management Inc. bought a new position in Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,067 shares of the industrial products company's stock, valued at approximately $452,000.

Other large investors also recently added to or reduced their stakes in the company. Pineridge Advisors LLC raised its stake in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. YANKCOM Partnership acquired a new position in Deere & Company during the fourth quarter valued at approximately $34,000. Orion Capital Management LLC acquired a new position in Deere & Company during the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $35,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Deere & Company in the fourth quarter worth $44,000. 68.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DE shares. Morgan Stanley upped their price target on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Robert W. Baird raised their price target 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. Wall Street Zen upgraded shares of Deere & Company from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Oppenheimer increased their target price on shares of Deere & Company from $513.00 to $555.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $516.75.

Deere & Company Price Performance

DE stock traded down $4.92 during trading on Thursday, hitting $503.07. The company had a trading volume of 994,161 shares, compared to its average volume of 1,404,204. The company has a fifty day moving average price of $474.56 and a two-hundred day moving average price of $460.54. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. The company has a market cap of $136.54 billion, a P/E ratio of 22.30, 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 (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating the consensus estimate of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The firm's revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.53 EPS. Equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.62 per share. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.29%. Deere & Company's dividend payout ratio is 31.35%.

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.