TFB Advisors LLC Takes $233,000 Position in Deere & Company (NYSE:DE)

TFB Advisors LLC acquired a new position in shares of Deere & Company (NYSE:DE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 550 shares of the industrial products company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Certuity LLC raised its holdings in shares of Deere & Company by 16.3% during the 4th quarter. Certuity LLC now owns 791 shares of the industrial products company’s stock worth $335,000 after acquiring an additional 111 shares during the period. Schear Investment Advisers LLC grew its holdings in shares of Deere & Company by 4.5% in the fourth quarter. Schear Investment Advisers LLC now owns 2,351 shares of the industrial products company’s stock valued at $996,000 after purchasing an additional 102 shares during the period. Quent Capital LLC increased its position in Deere & Company by 2.8% during the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 24 shares during the last quarter. Weatherly Asset Management L. P. raised its stake in Deere & Company by 1.0% during the fourth quarter. Weatherly Asset Management L. P. now owns 15,100 shares of the industrial products company’s stock worth $6,419,000 after purchasing an additional 154 shares during the period. Finally, Sovran Advisors LLC acquired a new position in Deere & Company in the 4th quarter valued at about $361,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 0.5 %

Deere & Company stock opened at $476.53 on Thursday. The firm has a market capitalization of $129.78 billion, a P/E ratio of 18.61, a P/E/G ratio of 2.87 and a beta of 0.98. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. Deere & Company has a twelve month low of $340.20 and a twelve month high of $485.84. The stock’s fifty day simple moving average is $445.46 and its 200-day simple moving average is $414.70.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Deere & Company’s revenue was down 32.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.26 EPS. As a group, equities analysts expect that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were issued a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.36%. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DE shares. Oppenheimer raised their price target on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. UBS Group increased their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. raised their price objective on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Barclays upped their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $446.17.

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.