Moseley Investment Management Inc. Takes $221,000 Position in Deere & Company (NYSE:DE)

Moseley Investment Management Inc. bought a new stake in shares of Deere & Company (NYSE:DE) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 470 shares of the industrial products company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DE. Quent Capital LLC lifted its holdings in Deere & Company by 2.8% during the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 24 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in Deere & Company by 0.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company’s stock worth $3,398,000 after buying an additional 24 shares during the last quarter. Coppell Advisory Solutions LLC increased its stake in Deere & Company by 2.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company’s stock worth $432,000 after buying an additional 25 shares in the last quarter. Glen Eagle Advisors LLC increased its stake in Deere & Company by 0.9% during the 4th quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company’s stock worth $1,244,000 after buying an additional 25 shares in the last quarter. Finally, Pineridge Advisors LLC raised 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 during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on DE shares. Morgan Stanley boosted their price target on Deere & Company from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 16th. Citigroup lowered their target price on shares of Deere & Company from $550.00 to $525.00 and set a “neutral” rating on the stock in a research note on Friday, May 30th. UBS Group dropped their target price on shares of Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Bank of America raised their price target on shares of Deere & Company from $495.00 to $556.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Melius Research raised shares of Deere & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $515.19.

Deere & Company Stock Performance

NYSE:DE opened at $521.63 on Tuesday. The company’s 50-day moving average is $480.22 and its two-hundred day moving average is $467.10. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The firm has a market capitalization of $141.27 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.14 and a beta of 1.09.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating analysts’ consensus estimates of $5.72 by $0.92. The firm had revenue of $11.17 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The firm’s quarterly revenue was down 17.9% on a year-over-year basis. During the same period in the prior year, the firm posted $8.53 earnings per share. Analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Monday, June 30th. Deere & Company’s dividend payout ratio (DPR) is presently 31.35%.

Deere & Company Company Profile

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.