Commonwealth Equity Services LLC Has $69.44 Million Stock Position in Deere & Company (NYSE:DE)

Commonwealth Equity Services LLC increased its stake in shares of Deere & Company (NYSE:DE) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,667 shares of the industrial products company’s stock after purchasing an additional 693 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Deere & Company were worth $69,444,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Morgan Stanley lifted its holdings in Deere & Company by 1.3% during the 3rd quarter. Morgan Stanley now owns 5,089,159 shares of the industrial products company’s stock valued at $1,920,548,000 after purchasing an additional 65,006 shares during the last quarter. FMR LLC boosted its holdings in shares of Deere & Company by 6.6% during the third quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock worth $1,650,767,000 after acquiring an additional 269,571 shares during the period. Northern Trust Corp raised its position in shares of Deere & Company by 2.5% in the third quarter. Northern Trust Corp now owns 3,061,715 shares of the industrial products company’s stock valued at $1,155,430,000 after buying an additional 73,601 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Deere & Company by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,539,699 shares of the industrial products company’s stock valued at $581,052,000 after buying an additional 33,946 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Deere & Company by 11.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,480,725 shares of the industrial products company’s stock worth $592,098,000 after acquiring an additional 149,980 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of DE stock traded up $4.91 during trading hours on Friday, hitting $400.87. 1,626,956 shares of the company’s stock were exchanged, compared to its average volume of 1,472,102. 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 $111.59 billion, a PE ratio of 11.68, a PEG ratio of 1.46 and a beta of 1.04. The business’s 50 day simple moving average is $390.73 and its 200-day simple moving average is $383.84. 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 released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. The firm had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.55 earnings per share. On average, equities research analysts anticipate that Deere & Company will post 27.37 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be given 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 dividend payout ratio is currently 17.12%.

Wall Street Analyst Weigh In

DE has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their target price on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Wells Fargo & Company reduced their price objective on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” 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 report on Monday, January 8th. JPMorgan Chase & Co. upped their target price on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target 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. Ten investment 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, Deere & Company currently has an average 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.