Deere & Company (NYSE:DE) Shares Purchased by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC increased its stake in shares of Deere & Company (NYSE:DE) by 21.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700 shares of the industrial products company’s stock after acquiring an additional 123 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Deere & Company were worth $280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its stake in Deere & Company by 104,373.8% in the fourth 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 acquired a new position in Deere & Company in the fourth quarter valued at $1,326,177,000. International Assets Investment Management LLC increased its stake in Deere & Company by 46,241.1% in the fourth quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock valued at $336,142,000 after purchasing an additional 838,813 shares during the period. Morgan Stanley increased its stake in Deere & Company by 13.8% in the fourth quarter. Morgan Stanley now owns 4,576,183 shares of the industrial products company’s stock valued at $1,962,085,000 after purchasing an additional 554,133 shares during the period. Finally, First Trust Advisors LP increased its stake in Deere & Company by 561.5% in the first quarter. First Trust Advisors LP now owns 531,339 shares of the industrial products company’s stock valued at $219,379,000 after purchasing an additional 451,019 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Price Performance

Shares of NYSE DE traded down $0.28 on Friday, hitting $400.32. The company’s stock had a trading volume of 1,125,406 shares, compared to its average volume of 1,289,741. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00. The company has a market capitalization of $111.43 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The stock has a 50 day moving average of $385.86 and a 200-day moving average of $382.97.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.19 by $1.04. The business had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.55 earnings per share. As a group, research analysts predict that Deere & Company will post 27.4 EPS for the current year.

Deere & Company Announces Dividend

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 paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s payout ratio is 17.12%.

Wall Street Analyst Weigh In

A number of research analysts have commented on DE shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Evercore ISI boosted their price target on shares of Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. boosted their price target 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. Finally, Melius Research reiterated a “hold” rating on shares of Deere & Company 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $433.28.

Deere & Company 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.