Waldron Private Wealth LLC Sells 88 Shares of Deere & Company (NYSE:DE)

Waldron Private Wealth LLC reduced its position in shares of Deere & Company (NYSE:DE) by 3.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,470 shares of the industrial products company’s stock after selling 88 shares during the quarter. Waldron Private Wealth LLC’s holdings in Deere & Company were worth $987,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DE. Moneta Group Investment Advisors LLC increased its position in Deere & Company by 104,373.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,219,883 shares of the industrial products company’s stock valued at $1,380,557,000 after purchasing an additional 3,216,801 shares during the period. Norges Bank purchased a new stake in shares of Deere & Company in the 4th quarter worth about $1,326,177,000. International Assets Investment Management LLC grew its position in shares of Deere & Company by 46,241.1% in the 4th quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock worth $336,142,000 after buying an additional 838,813 shares during the period. Morgan Stanley boosted its stake in Deere & Company by 13.8% in the 4th quarter. Morgan Stanley now owns 4,576,183 shares of the industrial products company’s stock worth $1,962,085,000 after purchasing an additional 554,133 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Deere & Company by 561.5% during the 1st quarter. First Trust Advisors LP now owns 531,339 shares of the industrial products company’s stock valued at $219,379,000 after acquiring an additional 451,019 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Trading Up 0.8 %

NYSE DE traded up $3.09 on Monday, hitting $400.36. 170,397 shares of the stock were exchanged, compared to its average volume of 1,479,169. The firm has a market capitalization of $111.44 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.49 and a beta of 1.04. Deere & Company has a 52-week low of $345.55 and a 52-week high of $450.00. 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 stock has a fifty day moving average price of $384.71 and a two-hundred day moving average price of $382.39.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The firm had revenue of $10.49 billion during the quarter, compared to analyst estimates of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $6.55 earnings per share. Research analysts forecast that Deere & Company will post 27.41 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be issued a $1.47 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 annualized dividend and a dividend yield of 1.47%. Deere & Company’s payout ratio is currently 17.12%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Deere & Company in a research note on Monday, January 8th. They issued an “overweight” rating and a $430.00 price objective on the stock. Stifel Nicolaus decreased their target price on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Citigroup decreased their target price on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Melius Research restated a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Finally, Melius cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average 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.