Gladstone Institutional Advisory LLC Buys 94 Shares of Deere & Company (NYSE:DE)

Gladstone Institutional Advisory LLC boosted its stake in Deere & Company (NYSE:DE) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,284 shares of the industrial products company’s stock after purchasing an additional 94 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Deere & Company were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Briaud Financial Planning Inc bought a new stake in shares of Deere & Company during the 3rd quarter valued at about $25,000. Rakuten Securities Inc. purchased a new position in Deere & Company in the 4th quarter worth approximately $28,000. Naples Money Management LLC purchased a new position in Deere & Company in the 4th quarter worth approximately $29,000. Private Wealth Management Group LLC purchased a new position in Deere & Company in the 4th quarter worth approximately $29,000. Finally, Bfsg LLC purchased a new position in Deere & Company in the 4th quarter worth approximately $30,000. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on Deere & Company from $425.00 to $385.00 and set a “neutral” rating on the stock in a research note on Friday, May 17th. Oppenheimer reiterated an “outperform” rating and issued a $456.00 price objective on shares of Deere & Company in a research report on Thursday, May 16th. Evercore ISI lifted their price objective on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Citigroup dropped their price target on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Finally, Wells Fargo & Company dropped their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research report on Friday, February 16th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus target price of $432.92.

Deere & Company Stock Down 0.2 %

DE stock opened at $385.87 on Thursday. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00. The business has a fifty day moving average price of $399.95 and a 200-day moving average price of $386.47. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The stock has a market capitalization of $107.41 billion, a P/E ratio of 11.62, a P/E/G ratio of 1.53 and a beta of 1.04.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, topping the consensus estimate of $7.86 by $0.67. The firm had revenue of $13.61 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The company’s revenue was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.65 earnings per share. Equities analysts forecast that Deere & Company will post 26.03 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Friday, March 29th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is presently 17.70%.

Deere & 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.