Worldquant Millennium Advisors LLC Increases Stock Position in Deere & Company (NYSE:DE)

Worldquant Millennium Advisors LLC increased its holdings in Deere & Company (NYSE:DE - Free Report) by 265.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,281 shares of the industrial products company's stock after buying an additional 129,485 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.07% of Deere & Company worth $75,538,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robertson Stephens Wealth Management LLC boosted its position in Deere & Company by 2.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock worth $426,000 after purchasing an additional 22 shares in the last quarter. DLK Investment Management LLC boosted its position in Deere & Company by 0.3% in the 4th quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock worth $3,479,000 after purchasing an additional 24 shares in the last quarter. Quent Capital LLC boosted its position in Deere & Company by 2.8% in the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock worth $377,000 after purchasing an additional 24 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Deere & Company by 0.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock worth $3,398,000 after buying an additional 24 shares during the period. Finally, Patrick M Sweeney & Associates Inc. raised its stake in shares of Deere & Company by 1.2% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 2,115 shares of the industrial products company's stock worth $896,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Down 0.4%

NYSE DE opened at $529.58 on Tuesday. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The business's fifty day simple moving average is $469.45 and its 200-day simple moving average is $455.92. The firm has a market cap of $143.74 billion, a PE ratio of 23.47, a P/E/G ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm earned $8.53 EPS. The company's quarterly revenue was down 17.9% compared to the same quarter last year. As a group, equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Stockholders 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 annualized dividend and a dividend yield of 1.22%. Deere & Company's dividend payout ratio is presently 28.72%.

Analyst Ratings Changes

Several brokerages have recently weighed in on DE. JPMorgan Chase & Co. upped their target price on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a research note on Friday. Bank of America upped their target price on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research note on Friday. Citigroup upped their target price on Deere & Company from $450.00 to $550.00 and gave the stock a "neutral" rating in a research note on Monday. Argus set a $510.00 target price on Deere & Company in a research note on Friday, March 7th. Finally, Barclays upped their target price on Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research note on Friday. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $513.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.