J.W. Cole Advisors Inc. Decreases Holdings in Deere & Company $DE

J.W. Cole Advisors Inc. decreased its position in shares of Deere & Company (NYSE:DE) by 11.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,914 shares of the industrial products company’s stock after selling 1,453 shares during the period. J.W. Cole Advisors Inc.’s holdings in Deere & Company were worth $4,643,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DE. Vanguard Group Inc. grew its holdings in 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 buying an additional 198,332 shares during the last quarter. Capital World Investors grew its holdings in 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 buying an additional 322,582 shares during the last quarter. Geode Capital Management LLC grew its holdings in Deere & Company by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 5,600,552 shares of the industrial products company’s stock valued at $2,609,149,000 after buying an additional 17,269 shares during the last quarter. Norges Bank acquired a new stake in Deere & Company during the 4th quarter valued at $1,715,633,000. Finally, Fisher Asset Management LLC grew its holdings in 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 buying an additional 131,138 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 1.3%

Shares of Deere & Company stock opened at $583.80 on Friday. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The firm has a market cap of $157.59 billion, a PE ratio of 33.08, a P/E/G ratio of 2.20 and a beta of 0.92. The business’s fifty day moving average is $572.86 and its two-hundred day moving average is $545.60. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54.

Deere & Company (NYSE:DE) last issued its 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 business had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $6.64 EPS. Analysts anticipate that Deere & Company will post 18.08 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is 36.71%.

Wall Street Analyst Weigh In

DE has been the topic of a number of recent analyst reports. Wolfe Research increased their price target on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Citigroup reduced their price target on Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. BMO Capital Markets increased their price target on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Weiss Ratings raised Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, Oppenheimer reissued an “outperform” rating and set a $680.00 price target (down from $715.00) on shares of Deere & Company in a research note on Wednesday, May 27th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $639.58.

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.