SFE Investment Counsel Purchases 528 Shares of Deere & Company (NYSE:DE)

SFE Investment Counsel lifted its position in shares of Deere & Company (NYSE:DE) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,425 shares of the industrial products company’s stock after purchasing an additional 528 shares during the quarter. SFE Investment Counsel’s holdings in Deere & Company were worth $2,722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hemington Wealth Management raised its stake in shares of Deere & Company by 7.4% in the 4th quarter. Hemington Wealth Management now owns 438 shares of the industrial products company’s stock valued at $185,000 after buying an additional 30 shares in the last quarter. Ingalls & Snyder LLC increased its stake in Deere & Company by 1.1% in the fourth quarter. Ingalls & Snyder LLC now owns 61,095 shares of the industrial products company’s stock valued at $25,886,000 after acquiring an additional 654 shares during the period. Marks Group Wealth Management Inc raised its position in Deere & Company by 0.8% in the fourth quarter. Marks Group Wealth Management Inc now owns 3,156 shares of the industrial products company’s stock worth $1,337,000 after purchasing an additional 26 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its stake in Deere & Company by 8.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,024 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 82 shares during the period. Finally, Avidian Wealth Enterprises LLC boosted its holdings in Deere & Company by 4.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,119 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 48 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Price Performance

NYSE DE opened at $476.53 on Thursday. 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 market cap of $129.78 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.87 and a beta of 0.98. The business has a 50 day simple moving average of $445.86 and a 200 day simple moving average of $415.14. Deere & Company has a 52-week low of $340.20 and a 52-week high of $485.84.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Analysts anticipate that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a report on Friday, December 6th. Morgan Stanley lifted their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Oppenheimer upped their target price 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. UBS Group lifted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Deere & Company currently has a consensus rating of “Hold” and a consensus target price of $446.17.

About Deere & Company

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.