Focus Partners Advisor Solutions LLC Has $3.64 Million Position in Deere & Company $DE

Focus Partners Advisor Solutions LLC lifted its holdings in shares of Deere & Company (NYSE:DE) by 904.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,807 shares of the industrial products company’s stock after purchasing an additional 7,030 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Deere & Company were worth $3,635,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Cerro Pacific Wealth Advisors LLC raised its position in Deere & Company by 0.6% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company’s stock valued at $1,480,000 after buying an additional 19 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in Deere & Company by 2.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company’s stock valued at $379,000 after buying an additional 19 shares during the last quarter. Root Financial Partners LLC raised its position in Deere & Company by 2.2% in the 4th quarter. Root Financial Partners LLC now owns 880 shares of the industrial products company’s stock valued at $410,000 after buying an additional 19 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Deere & Company by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 773 shares of the industrial products company’s stock valued at $360,000 after buying an additional 20 shares during the last quarter. Finally, Family Legacy Inc. raised its position in Deere & Company by 0.3% in the 4th quarter. Family Legacy Inc. now owns 7,894 shares of the industrial products company’s stock valued at $3,675,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 0.8%

DE stock opened at $578.07 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. The business has a 50 day moving average price of $572.93 and a two-hundred day moving average price of $547.52. The company has a market cap of $156.04 billion, a price-to-earnings ratio of 32.75, a P/E/G ratio of 2.13 and a beta of 0.92. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. During the same period in the previous year, the company posted $6.64 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that Deere & Company will post 18.1 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s payout ratio is currently 36.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group lifted their target price on Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Wolfe Research lifted their target price on Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Morgan Stanley lifted their target price on 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 lifted their target price on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, Raymond James Financial dropped their target price on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $639.58.

About Deere & Company

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.