Mmbg Investment Advisors CO. Has $1.27 Million Stock Position in Deere & Company $DE

Mmbg Investment Advisors CO. trimmed its stake in shares of Deere & Company (NYSE:DE) by 32.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,720 shares of the industrial products company’s stock after selling 1,310 shares during the quarter. Mmbg Investment Advisors CO.’s holdings in Deere & Company were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DE. Brighton Jones LLC boosted its holdings in shares of Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after acquiring an additional 1,278 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Deere & Company by 7.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after acquiring an additional 150 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Deere & Company in the 2nd quarter worth approximately $2,153,000. NewEdge Advisors LLC boosted its holdings in shares of Deere & Company by 6.0% in the 2nd quarter. NewEdge Advisors LLC now owns 18,758 shares of the industrial products company’s stock worth $9,538,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Deere & Company by 6.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 1,551 shares of the industrial products company’s stock worth $789,000 after acquiring an additional 97 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

DE stock opened at $529.88 on Tuesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.96. The company has a 50 day moving average price of $575.37 and a 200 day moving average price of $540.79. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The stock has a market capitalization of $143.13 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $11.78 billion during the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter in the previous year, the company posted $6.64 EPS. Deere & Company’s revenue was up 5.4% on a year-over-year basis. Analysts forecast that Deere & Company will post 18.05 EPS for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Tuesday, March 31st were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, March 31st. Deere & Company’s payout ratio is 36.71%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays boosted their target price on Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Robert W. Baird reduced their target price on Deere & Company from $580.00 to $525.00 and set a “neutral” rating on the stock in a report on Friday. Argus boosted their target price on Deere & Company from $540.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company boosted their target price on Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and an average target price of $640.73.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.