Mmbg Investment Advisors CO. Sells 1,310 Shares of Deere & Company $DE

Mmbg Investment Advisors CO. decreased its holdings in shares of Deere & Company (NYSE:DE) by 32.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,720 shares of the industrial products company’s stock after selling 1,310 shares during the quarter. Mmbg Investment Advisors CO.’s holdings in Deere & Company were worth $1,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Deere & Company by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company’s stock valued at $10,514,053,000 after acquiring an additional 198,332 shares during the last quarter. Capital World Investors raised its position in shares of Deere & Company by 5.5% during the 3rd quarter. Capital World Investors now owns 6,233,740 shares of the industrial products company’s stock valued at $2,850,687,000 after acquiring an additional 322,582 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Deere & Company by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 2,853,156 shares of the industrial products company’s stock valued at $1,328,344,000 after acquiring an additional 131,138 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Deere & Company by 1,725.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock valued at $932,870,000 after acquiring an additional 1,893,972 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of Deere & Company by 1,199.8% during the 4th quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company’s stock valued at $868,149,000 after acquiring an additional 1,721,239 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

DE opened at $529.88 on Tuesday. The company has a quick ratio of 1.96, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19. The company has a fifty day simple moving average of $575.37 and a 200 day simple moving average of $540.79. The stock has a market cap of $143.13 billion, a P/E ratio of 30.02, a P/E/G ratio of 1.85 and a beta of 0.96.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business had revenue of $11.78 billion during the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter in the prior year, the company earned $6.64 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts expect that Deere & Company will post 18.05 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Tuesday, March 31st were given a $1.62 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.2%. Deere & Company’s dividend payout ratio is currently 36.71%.

Wall Street Analysts Forecast Growth

Several analysts have commented on DE shares. UBS Group upped their target price on shares of Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Morgan Stanley upped their target price on shares of Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Wells Fargo & Company upped their target price on shares of Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Royal Bank Of Canada upped their target price on shares of Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Finally, Wolfe Research upped their price objective on shares of Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. 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 price target of $640.73.

Deere & 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.