Capital Investment Advisory Services LLC Has $702,000 Holdings in Deere & Company (NYSE:DE)

Capital Investment Advisory Services LLC increased its position in shares of Deere & Company (NYSE:DE) by 3.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,755 shares of the industrial products company’s stock after purchasing an additional 61 shares during the period. Capital Investment Advisory Services LLC’s holdings in Deere & Company were worth $702,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Deere & Company by 0.6% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 18,973 shares of the industrial products company’s stock worth $7,587,000 after acquiring an additional 107 shares during the period. PSI Advisors LLC increased its holdings in shares of Deere & Company by 28.8% in the fourth quarter. PSI Advisors LLC now owns 1,880 shares of the industrial products company’s stock valued at $752,000 after purchasing an additional 420 shares during the last quarter. Cetera Trust Company N.A acquired a new stake in shares of Deere & Company during the 4th quarter worth about $130,000. Matthew 25 Management Corp boosted its holdings in shares of Deere & Company by 9.3% during the 4th quarter. Matthew 25 Management Corp now owns 14,750 shares of the industrial products company’s stock worth $5,898,000 after buying an additional 1,250 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in Deere & Company by 2.2% in the 4th quarter. Handelsbanken Fonder AB now owns 96,617 shares of the industrial products company’s stock valued at $38,634,000 after buying an additional 2,075 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Down 0.2 %

Deere & Company stock opened at $399.61 on Tuesday. The firm has a market capitalization of $111.24 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.04. The firm’s fifty day moving average price is $386.06 and its two-hundred day moving average price is $383.26. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. During the same quarter in the prior year, the company posted $6.55 earnings per share. Deere & Company’s revenue was down 8.0% compared to the same quarter last year. On average, equities research analysts predict that Deere & Company will post 27.4 earnings per share 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. Shareholders of record on Friday, March 29th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is 17.12%.

Analysts Set New Price Targets

DE has been the subject of a number of research analyst reports. Citigroup reduced their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. Evercore ISI lifted their target price on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Melius downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. 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. Finally, Stifel Nicolaus cut their price objective on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $433.28.

About Deere & Company

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.