Mount Yale Investment Advisors LLC Grows Stock Holdings in Deere & Company (NYSE:DE)

Mount Yale Investment Advisors LLC increased its stake in Deere & Company (NYSE:DE) by 73.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,763 shares of the industrial products company’s stock after buying an additional 1,173 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Deere & Company were worth $1,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in shares of Deere & Company in the fourth quarter worth approximately $32,000. Livelsberger Financial Advisory purchased a new stake in Deere & Company during the 3rd quarter valued at $32,000. Centennial Bank AR boosted its stake in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of Deere & Company in the third quarter worth $47,000. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DE shares. UBS Group lifted their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Oppenheimer boosted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Morgan Stanley raised their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Citigroup dropped their price target on Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Deere & Company presently has an average rating of “Hold” and an average target price of $442.83.

Deere & Company Trading Up 1.1 %

Shares of DE stock opened at $484.08 on Tuesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The stock has a fifty day simple moving average of $438.55 and a two-hundred day simple moving average of $406.44. The firm has a market capitalization of $131.84 billion, a PE ratio of 18.91, a PEG ratio of 2.84 and a beta of 0.98. Deere & Company has a 52-week low of $340.20 and a 52-week high of $484.39.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter last year, the company earned $8.26 EPS. The firm’s quarterly revenue was down 32.8% on a year-over-year basis. On average, analysts predict that Deere & Company will post 19.34 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.34%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

Deere & 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.