Vise Technologies Inc. Has $1.42 Million Stake in Deere & Company (NYSE:DE)

Vise Technologies Inc. grew its position in shares of Deere & Company (NYSE:DE - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,340 shares of the industrial products company's stock after buying an additional 795 shares during the quarter. Vise Technologies Inc.'s holdings in Deere & Company were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DE. Raleigh Capital Management Inc. lifted its holdings in shares of Deere & Company by 182.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 209 shares of the industrial products company's stock valued at $89,000 after buying an additional 135 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Deere & Company by 2.0% during 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 buying an additional 93 shares during the last quarter. Secure Asset Management LLC acquired a new stake in shares of Deere & Company during the 4th quarter valued at about $358,000. Montecito Bank & Trust lifted its holdings in shares of Deere & Company by 16.4% during the 4th quarter. Montecito Bank & Trust now owns 2,925 shares of the industrial products company's stock valued at $1,239,000 after buying an additional 412 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after buying an additional 1,278 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of recent analyst reports. Citigroup raised their price objective on Deere & Company from $450.00 to $550.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Bank of America raised their price objective on Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Raymond James raised their price objective on Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Evercore ISI raised their price objective on Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Finally, Robert W. Baird raised their price objective on Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Deere & Company has an average rating of "Hold" and an average target price of $516.75.

Deere & Company Stock Performance

NYSE DE traded down $0.86 during trading on Tuesday, hitting $509.20. The company's stock had a trading volume of 1,103,513 shares, compared to its average volume of 1,408,677. The firm has a market cap of $138.20 billion, a P/E ratio of 22.57, 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 52 week low of $340.20 and a 52 week high of $533.78. The firm has a 50 day moving average price of $473.20 and a 200 day moving average price of $459.86.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $11.17 billion for the quarter, compared to analysts' expectations of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Deere & Company's quarterly revenue was down 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $8.53 earnings per share. Equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Stockholders 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 dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, March 31st. Deere & Company's dividend payout ratio is presently 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.