Koshinski Asset Management Inc. Cuts Stock Position in Deere & Company (NYSE:DE)


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Koshinski Asset Management Inc. cut its holdings in Deere & Company (NYSE:DE) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,936 shares of the industrial products company’s stock after selling 503 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Deere & Company were worth $2,404,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BancorpSouth Bank boosted its stake in Deere & Company by 295.2% during the fourth quarter. BancorpSouth Bank now owns 5,355 shares of the industrial products company’s stock worth $1,441,000 after buying an additional 4,000 shares during the period. Great Valley Advisor Group Inc. boosted its stake in Deere & Company by 194.9% during the fourth quarter. Great Valley Advisor Group Inc. now owns 8,193 shares of the industrial products company’s stock worth $2,204,000 after buying an additional 5,415 shares during the period. Signet Investment Advisory Group Inc. purchased a new position in Deere & Company during the fourth quarter worth $961,000. First United Bank Trust boosted its stake in Deere & Company by 6.9% during the fourth quarter. First United Bank Trust now owns 3,206 shares of the industrial products company’s stock worth $863,000 after buying an additional 208 shares during the period. Finally, Sei Investments Co. boosted its stake in Deere & Company by 288.2% during the third quarter. Sei Investments Co. now owns 100,262 shares of the industrial products company’s stock worth $22,219,000 after buying an additional 74,433 shares during the period. 66.77% of the stock is owned by hedge funds and other institutional investors.

DE opened at $374.79 on Thursday. The business’s 50-day moving average is $357.42 and its two-hundred day moving average is $285.84. Deere & Company has a 1 year low of $117.85 and a 1 year high of $392.42. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.24 and a quick ratio of 2.03. The firm has a market capitalization of $117.47 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 18th. The industrial products company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $1.70. Deere & Company had a return on equity of 22.17% and a net margin of 7.74%. The company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. As a group, sell-side analysts expect that Deere & Company will post 13.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 10th. Shareholders of record on Wednesday, March 31st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.96%. The ex-dividend date is Tuesday, March 30th. This is a positive change from Deere & Company’s previous quarterly dividend of $0.76. Deere & Company’s payout ratio is 41.43%.

DE has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Deere & Company from $341.00 to $394.00 and gave the stock an “overweight” rating in a research note on Thursday, February 25th. Robert W. Baird lifted their target price on Deere & Company from $353.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, February 25th. Argus lifted their target price on Deere & Company from $280.00 to $380.00 and gave the stock a “buy” rating in a research report on Monday, March 1st. Vertical Research started coverage on Deere & Company in a research report on Wednesday, January 20th. They set a “buy” rating and a $345.00 target price for the company. Finally, Credit Suisse Group lifted their target price on Deere & Company from $343.00 to $403.00 and gave the stock an “outperform” rating in a research report on Monday, March 1st. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $320.20.

Deere & Company Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.

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

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