World Investment Advisors Has $1.58 Million Stock Position in Deere & Company $DE

World Investment Advisors increased its holdings in shares of Deere & Company (NYSE:DE) by 59.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,403 shares of the industrial products company’s stock after acquiring an additional 1,268 shares during the quarter. World Investment Advisors’ holdings in Deere & Company were worth $1,584,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Csenge Advisory Group grew its stake in shares of Deere & Company by 84.9% during the third quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock worth $3,402,000 after buying an additional 3,416 shares during the last quarter. Spectrum Financial Alliance Ltd LLC lifted its holdings in Deere & Company by 55.8% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company’s stock valued at $39,737,000 after buying an additional 30,553 shares during the period. Compagnie Lombard Odier SCmA boosted its position in shares of Deere & Company by 66.1% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company’s stock worth $12,606,000 after purchasing an additional 10,974 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Deere & Company by 263.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 17,308 shares of the industrial products company’s stock worth $7,942,000 after purchasing an additional 12,551 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of Deere & Company by 14.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 21,174 shares of the industrial products company’s stock worth $9,682,000 after purchasing an additional 2,702 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the topic of a number of analyst reports. Argus upped their target price on shares of Deere & Company from $540.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Bank of America raised their price objective on shares of Deere & Company from $502.00 to $672.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Morgan Stanley raised their price objective on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Barclays raised their price target on shares of Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $525.00 to $550.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Fifteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $655.45.

Deere & Company Price Performance

DE stock opened at $562.12 on Friday. The firm’s 50-day moving average price is $580.96 and its two-hundred day moving average price is $537.02. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The stock has a market capitalization of $151.83 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 1.96 and a beta of 0.96. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The company had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. During the same quarter in the previous year, the company earned $3.19 earnings per share. Deere & Company’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, equities analysts predict that Deere & Company will post 18.01 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Tuesday, March 31st were paid a $1.62 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.2%. Deere & Company’s payout ratio is presently 36.53%.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.