Deere & Company (NYSE:DE) is Vivaldi Capital Management LP's 3rd Largest Position

Vivaldi Capital Management LP raised its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 8,104.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,081 shares of the industrial products company's stock after buying an additional 52,434 shares during the quarter. Deere & Company comprises about 3.4% of Vivaldi Capital Management LP's holdings, making the stock its 3rd largest position. Vivaldi Capital Management LP's holdings in Deere & Company were worth $22,490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Deere & Company in the 4th quarter worth $1,244,094,000. Castlekeep Investment Advisors LLC bought a new stake in shares of Deere & Company during the 4th quarter worth $541,437,000. Price T Rowe Associates Inc. MD grew its position 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 acquiring an additional 1,095,736 shares in the last quarter. FMR LLC increased its stake in Deere & Company by 22.9% in the fourth quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock valued at $2,364,843,000 after acquiring an additional 1,039,395 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Deere & Company during the fourth quarter valued at about $296,232,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Up 0.2%

Shares of Deere & Company stock traded up $0.90 during midday trading on Thursday, hitting $515.56. The company had a trading volume of 948,493 shares, compared to its average volume of 1,413,853. 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 company has a 50 day moving average of $471.37 and a 200 day moving average of $456.81. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The stock has a market capitalization of $139.93 billion, a P/E ratio of 22.85, a P/E/G ratio of 2.14 and a beta of 1.08.

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, 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%. Deere & Company's revenue for the quarter was down 17.9% on a year-over-year basis. During the same period in the prior year, the firm posted $8.53 EPS. On average, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were issued a dividend of $1.62 per share. The ex-dividend date was Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.26%. Deere & Company's dividend payout ratio is currently 31.35%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DE. Robert W. Baird upped their price objective on Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. UBS Group cut their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Evercore ISI boosted their price target on Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a report on Monday. Finally, BMO Capital Markets upped their price target on Deere & Company from $425.00 to $460.00 and gave the company a "market perform" rating in a research report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $516.75.

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.