Tucker Asset Management LLC Acquires 55 Shares of Deere & Company (NYSE:DE)

Tucker Asset Management LLC lifted its position in Deere & Company (NYSE:DEFree Report) by 28.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249 shares of the industrial products company’s stock after acquiring an additional 55 shares during the quarter. Tucker Asset Management LLC’s holdings in Deere & Company were worth $100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC lifted its holdings in Deere & Company by 1,180.0% in the fourth quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 59 shares during the period. ZRC Wealth Management LLC purchased a new stake in Deere & Company in the 4th quarter valued at $28,000. Rakuten Securities Inc. purchased a new position in shares of Deere & Company during the 4th quarter worth $28,000. Naples Money Management LLC purchased a new position in Deere & Company during the 4th quarter valued at about $29,000. Finally, Private Wealth Management Group LLC acquired a new stake in Deere & Company in the 4th quarter valued at about $29,000. 68.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DE has been the topic of several research analyst reports. Oppenheimer reissued an “outperform” rating and set a $456.00 target price on shares of Deere & Company in a research report on Thursday, May 16th. JPMorgan Chase & Co. cut their target price on Deere & Company from $425.00 to $385.00 and set a “neutral” rating on the stock in a research report on Friday, May 17th. Evercore ISI raised their target price on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Stifel Nicolaus raised their target price on Deere & Company from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Daiwa Capital Markets raised their target price on Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $433.36.

Read Our Latest Stock Report on DE

Deere & Company Price Performance

Shares of Deere & Company stock traded up $0.05 during trading on Friday, reaching $378.00. The company’s stock had a trading volume of 1,485,224 shares, compared to its average volume of 1,325,963. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81. Deere & Company has a 12-month low of $353.15 and a 12-month high of $450.00. The company has a market capitalization of $104.17 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The business has a 50 day moving average price of $390.39 and a 200-day moving average price of $386.41.

Deere & Company (NYSE:DEGet Free Report) last released its quarterly earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, topping analysts’ consensus estimates of $7.86 by $0.67. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The company had revenue of $13.61 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the previous year, the firm posted $9.65 earnings per share. The business’s revenue for the quarter was down 15.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Deere & Company will post 25.61 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 28th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.56%. Deere & Company’s dividend payout ratio (DPR) is 17.70%.

About Deere & Company

(Free Report)

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.

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

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