Deere & Company (NYSE:DE) Shares Bought by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC grew its position in Deere & Company (NYSE:DE) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,947 shares of the industrial products company’s stock after purchasing an additional 6,545 shares during the quarter. Deere & Company comprises approximately 3.5% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Wilkinson Global Asset Management LLC’s holdings in Deere & Company were worth $57,177,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DE. Pineridge Advisors LLC increased its holdings in shares of Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. Modus Advisors LLC purchased a new stake in Deere & Company during the 4th quarter worth approximately $32,000. YANKCOM Partnership acquired a new position in Deere & Company during the 4th quarter valued at approximately $34,000. Synergy Asset Management LLC purchased a new position in shares of Deere & Company in the fourth quarter worth $35,000. Finally, Continuum Advisory LLC lifted its stake in shares of Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Price Performance

NYSE:DE opened at $501.40 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. Deere & Company has a 52 week low of $340.20 and a 52 week high of $502.10. The stock’s 50-day moving average price is $448.71 and its 200-day moving average price is $418.73. The stock has a market capitalization of $136.56 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. As a group, equities analysts expect that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.29%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Analyst Ratings Changes

Several equities analysts recently issued reports on DE shares. Barclays upped their target price on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Oppenheimer increased their price objective on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Morgan Stanley raised their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Citigroup upped their target price on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, UBS Group raised their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Deere & Company currently has an average rating of “Hold” and a consensus target price of $450.12.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.