Deere & Company (NYSE:DE) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Deere & Company (NYSE:DE) by 52.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,543 shares of the industrial products company’s stock after acquiring an additional 1,903 shares during the quarter. SG Americas Securities LLC’s holdings in Deere & Company were worth $2,216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Liberty One Investment Management LLC lifted its holdings in shares of Deere & Company by 0.5% in the fourth quarter. Liberty One Investment Management LLC now owns 6,016 shares of the industrial products company’s stock valued at $2,579,000 after purchasing an additional 27 shares in the last quarter. SageView Advisory Group LLC increased its position in Deere & Company by 2.4% during the third quarter. SageView Advisory Group LLC now owns 1,201 shares of the industrial products company’s stock worth $453,000 after buying an additional 28 shares in the last quarter. NewEdge Wealth LLC increased its position in Deere & Company by 5.6% during the third quarter. NewEdge Wealth LLC now owns 550 shares of the industrial products company’s stock worth $208,000 after buying an additional 29 shares in the last quarter. Guardian Investment Management lifted its position in shares of Deere & Company by 1.9% in the third quarter. Guardian Investment Management now owns 1,630 shares of the industrial products company’s stock valued at $615,000 after acquiring an additional 30 shares in the last quarter. Finally, Columbia Trust Co 01012016 boosted its stake in shares of Deere & Company by 0.7% during the third quarter. Columbia Trust Co 01012016 now owns 4,215 shares of the industrial products company’s stock valued at $1,591,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Truist Financial began coverage on shares of Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 target price on the stock. Stifel Nicolaus cut their price target on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Citigroup decreased their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Finally, Evercore ISI raised their price target on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average target price of $431.69.

Deere & Company Stock Performance

Deere & Company stock opened at $409.23 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. Deere & Company has a one year low of $345.55 and a one year high of $450.00. The stock’s 50 day moving average price is $379.82 and its 200 day moving average price is $381.32. The firm has a market capitalization of $113.91 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.49 and a beta of 1.03.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating the consensus estimate of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. During the same period in the prior year, the firm earned $6.55 earnings per share. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, sell-side analysts expect that Deere & Company will post 27.41 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is 17.12%.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.