Keeler Thomas Management LLC Has $3.19 Million Stock Holdings in Deere & Company (NYSE:DE)

Keeler Thomas Management LLC lessened its stake in shares of Deere & Company (NYSE:DE - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,674 shares of the industrial products company's stock after selling 2,316 shares during the quarter. Keeler Thomas Management LLC's holdings in Deere & Company were worth $3,188,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Legacy Financial Strategies LLC acquired a new stake in shares of Deere & Company during the 4th quarter worth about $206,000. Capital Investment Advisory Services LLC raised its stake in Deere & Company by 3.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,755 shares of the industrial products company's stock worth $702,000 after purchasing an additional 61 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Deere & Company by 0.6% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 18,973 shares of the industrial products company's stock worth $7,587,000 after purchasing an additional 107 shares in the last quarter. PSI Advisors LLC raised its stake in Deere & Company by 28.8% in the 4th quarter. PSI Advisors LLC now owns 1,880 shares of the industrial products company's stock worth $752,000 after purchasing an additional 420 shares in the last quarter. Finally, Cetera Trust Company N.A acquired a new stake in Deere & Company in the 4th quarter worth about $130,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Price Performance

Shares of Deere & Company stock traded down $0.28 during midday trading on Friday, hitting $400.32. 1,125,406 shares of the company traded hands, compared to its average volume of 1,289,741. The stock has a market cap of $111.43 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.50 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. The firm's fifty day moving average price is $385.86 and its 200-day moving average price is $383.09. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping analysts' consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same period in the previous year, the firm posted $6.55 EPS. The company's revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Deere & Company will post 27.4 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Wednesday, March 27th. Deere & Company's payout ratio is 17.12%.

Analyst Upgrades and Downgrades

DE has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $415.00 to $425.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. Citigroup dropped their price objective on shares of Deere & Company from $450.00 to $435.00 and set a "buy" rating for the company in a research note on Friday, February 16th. Wells Fargo & Company dropped their price objective on shares of Deere & Company from $445.00 to $425.00 and set an "overweight" rating for the company in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Deere & Company from $425.00 to $401.00 and set a "hold" rating for the company in a research report on Friday, February 16th. Finally, Melius Research restated a "hold" rating on shares of Deere & Company in a research report on Monday, January 8th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Deere & Company currently has a consensus rating of "Hold" and a consensus price target of $433.28.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

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