Vise Technologies Inc. boosted its stake in shares of Deere & Company (NYSE:DE - Free Report) by 31.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,340 shares of the industrial products company's stock after purchasing an additional 795 shares during the period. Vise Technologies Inc.'s holdings in Deere & Company were worth $1,415,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Raleigh Capital Management Inc. lifted its position in shares of Deere & Company by 182.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 209 shares of the industrial products company's stock worth $89,000 after buying an additional 135 shares in the last quarter. Avior Wealth Management LLC raised 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 worth $2,021,000 after acquiring an additional 93 shares in the last quarter. Secure Asset Management LLC purchased a new stake in shares of Deere & Company during the 4th quarter worth approximately $358,000. Montecito Bank & Trust boosted its position 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 acquiring an additional 412 shares during the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after purchasing an additional 1,278 shares in the last quarter. Institutional investors own 68.58% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have commented on DE shares. Robert W. Baird lifted their price objective on shares of Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. BMO Capital Markets reiterated a "market perform" rating and issued a $460.00 price target (up previously from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. Wall Street Zen upgraded Deere & Company from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. 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. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Deere & Company in a research report on Thursday, May 15th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $516.75.
View Our Latest Analysis on Deere & Company
Deere & Company Trading Down 0.6%
Deere & Company stock traded down $3.20 during trading hours on Thursday, hitting $504.80. The company had a trading volume of 261,964 shares, compared to its average volume of 1,401,360. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The firm has a market cap of $137.01 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a 50-day moving average price of $474.56 and a two-hundred day moving average price of $460.54. Deere & Company has a 1 year low of $340.20 and a 1 year high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.72 by $0.92. The company 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 revenue was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.53 earnings per share. On average, sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.28%. Deere & Company's payout ratio is currently 31.35%.
Deere & Company Company Profile
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Free Report)
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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