Fisher Asset Management LLC Boosts Stock Holdings in Deere & Company $DE

Fisher Asset Management LLC boosted its position in Deere & Company (NYSE:DEFree Report) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,853,156 shares of the industrial products company’s stock after purchasing an additional 131,138 shares during the period. Fisher Asset Management LLC’s holdings in Deere & Company were worth $1,328,344,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Strategic Advocates LLC purchased a new position in Deere & Company in the third quarter valued at approximately $25,000. Key Capital Management INC bought a new stake in Deere & Company during the 4th quarter valued at $27,000. Activest Wealth Management raised its holdings in Deere & Company by 69.2% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 27 shares during the period. McIlrath & Eck LLC bought a new stake in Deere & Company during the 4th quarter valued at $30,000. Finally, Wealth Watch Advisors INC bought a new stake in Deere & Company during the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the topic of a number of analyst reports. Morgan Stanley boosted their target price on shares of Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Argus boosted their target price on shares of Deere & Company from $540.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Barclays boosted their target price 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. Royal Bank Of Canada boosted their target price on shares of Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Finally, Sanford C. Bernstein boosted their target price on shares of Deere & Company from $521.00 to $615.00 and gave the company a “market perform” rating in a report on Friday, February 20th. Fifteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and an average target price of $640.73.

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More Deere & Company News

Here are the key news stories impacting Deere & Company this week:

Deere & Company Trading Up 0.1%

Deere & Company stock opened at $529.88 on Monday. The stock has a market cap of $143.13 billion, a P/E ratio of 30.02, a PEG ratio of 1.85 and a beta of 0.96. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The firm’s fifty day moving average price is $576.52 and its 200-day moving average price is $540.35. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.96 and a current ratio of 2.18.

Deere & Company (NYSE:DEGet Free Report) last released its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping the consensus estimate of $5.70 by $0.85. The firm had revenue of $11.78 billion for the quarter, compared to analysts’ expectations of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.64 earnings per share. Equities research analysts forecast that Deere & Company will post 18.05 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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

About Deere & Company

(Free Report)

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.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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