326 Shares in Deere & Company (NYSE:DE) Bought by Cetera Trust Company N.A

Cetera Trust Company N.A purchased a new position in shares of Deere & Company (NYSE:DE) during the fourth quarter, Holdings Channel.com reports. The fund purchased 326 shares of the industrial products company’s stock, valued at approximately $130,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc acquired a new position in Deere & Company during the third quarter worth $25,000. ZRC Wealth Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $28,000. Rakuten Securities Inc. acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $28,000. Naples Money Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $29,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Deere & Company in the third quarter valued at about $37,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DE has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. JPMorgan Chase & Co. increased their target price 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. Melius Research reissued a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Stifel Nicolaus lowered their price objective on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Finally, Evercore ISI raised their target price on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $433.28.

Deere & Company Stock Down 0.2 %

DE stock opened at $399.61 on Tuesday. The company has a fifty day moving average price of $386.06 and a 200 day moving average price of $383.26. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The company has a market cap 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 company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, beating the consensus estimate of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm 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 firm earned $6.55 EPS. Deere & Company’s revenue for the quarter was down 8.0% on a year-over-year basis. Sell-side analysts expect that Deere & Company will post 27.4 earnings per share for the current year.

Deere & Company Announces Dividend

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

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.