Deere & Company (NYSE:DE) Shares Sold by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. lessened its position in shares of Deere & Company (NYSE:DE) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,466 shares of the industrial products company’s stock after selling 48 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Deere & Company were worth $1,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DE. Procyon Advisors LLC lifted its stake in Deere & Company by 0.5% in the 4th quarter. Procyon Advisors LLC now owns 9,809 shares of the industrial products company’s stock valued at $3,922,000 after buying an additional 48 shares in the last quarter. Spring Capital Management LLC boosted its stake in shares of Deere & Company by 1.6% in the fourth quarter. Spring Capital Management LLC now owns 18,902 shares of the industrial products company’s stock worth $7,558,000 after acquiring an additional 297 shares during the last quarter. Threadgill Financial LLC increased its position in shares of Deere & Company by 1.4% during the fourth quarter. Threadgill Financial LLC now owns 3,644 shares of the industrial products company’s stock worth $1,457,000 after purchasing an additional 52 shares in the last quarter. Jacobs & Co. CA lifted its holdings in Deere & Company by 9.3% in the 4th quarter. Jacobs & Co. CA now owns 29,875 shares of the industrial products company’s stock valued at $11,946,000 after purchasing an additional 2,539 shares in the last quarter. Finally, S.A. Mason LLC boosted its stake in Deere & Company by 3.2% during the 4th quarter. S.A. Mason LLC now owns 1,032 shares of the industrial products company’s stock worth $413,000 after purchasing an additional 32 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Down 0.0 %

Deere & Company stock traded down $0.02 during midday trading on Thursday, hitting $409.12. The stock had a trading volume of 342,726 shares, compared to its average volume of 1,512,961. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. The business has a fifty day moving average price of $379.82 and a 200 day moving average price of $381.32. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The stock has a market cap of $113.88 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.50 and a beta of 1.03.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (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 for the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the previous year, the firm posted $6.55 EPS. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. Research analysts predict that Deere & Company will post 27.41 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is currently 17.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DE. Wells Fargo & Company decreased their price target on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. 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 report on Friday, February 16th. JPMorgan Chase & Co. raised their target price on Deere & Company from $380.00 to $385.00 and gave the company a “neutral” rating in a report on Monday, December 4th. Finally, Citigroup cut their target price on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average target price of $431.69.

Deere & Company Company Profile

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.