GWM Advisors LLC boosted its stake in Deere & Company (NYSE:DE) by 29.1% in the 1st quarter, HoldingsChannel reports. The firm owned 18,578 shares of the industrial products company’s stock after buying an additional 4,187 shares during the quarter. GWM Advisors LLC’s holdings in Deere & Company were worth $2,970,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Drexel Morgan & Co. grew its stake in shares of Deere & Company by 2.7% during the first quarter. Drexel Morgan & Co. now owns 13,020 shares of the industrial products company’s stock valued at $2,081,000 after acquiring an additional 345 shares in the last quarter. Advisory Alpha LLC acquired a new stake in shares of Deere & Company during the first quarter valued at about $188,000. Westwood Holdings Group Inc. grew its stake in shares of Deere & Company by 193.2% during the first quarter. Westwood Holdings Group Inc. now owns 13,372 shares of the industrial products company’s stock valued at $2,137,000 after acquiring an additional 8,812 shares in the last quarter. Archford Capital Strategies LLC lifted its position in shares of Deere & Company by 65.6% during the first quarter. Archford Capital Strategies LLC now owns 414 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 164 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Deere & Company by 0.5% during the first quarter. Lazard Asset Management LLC now owns 3,089,066 shares of the industrial products company’s stock worth $493,755,000 after purchasing an additional 13,986 shares during the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

NYSE DE traded down $0.94 during trading hours on Wednesday, reaching $149.06. The company’s stock had a trading volume of 32,165 shares, compared to its average volume of 2,082,093. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 2.37. Deere & Company has a 52 week low of $128.32 and a 52 week high of $169.99. The stock has a market capitalization of $47.13 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.84 and a beta of 1.02.

Deere & Company (NYSE:DE) last issued its earnings results on Friday, May 17th. The industrial products company reported $3.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.57 by ($0.05). Deere & Company had a return on equity of 28.76% and a net margin of 8.52%. The business had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $10.19 billion. During the same period in the prior year, the business earned $3.14 EPS. The business’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that Deere & Company will post 10.27 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, June 28th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $3.04 dividend on an annualized basis and a yield of 2.04%. Deere & Company’s dividend payout ratio is currently 32.37%.

Several equities analysts have recently commented on DE shares. Bank of America cut shares of Deere & Company from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $173.00 to $170.00 in a research report on Wednesday, February 13th. Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research report on Thursday, February 14th. Credit Suisse Group reduced their price target on shares of Deere & Company from $211.00 to $209.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 19th. Citigroup reduced their price target on shares of Deere & Company from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, February 19th. Finally, DZ Bank cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $162.29.

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Deere & Company Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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