S.A. Mason LLC Boosts Stock Holdings in Deere & Company (NYSE:DE)

S.A. Mason LLC boosted its position in Deere & Company (NYSE:DE) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,032 shares of the industrial products company’s stock after purchasing an additional 32 shares during the period. S.A. Mason LLC’s holdings in Deere & Company were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Briaud Financial Planning Inc purchased a new stake in shares of Deere & Company during the 3rd quarter valued at approximately $25,000. Retirement Group LLC raised its holdings in Deere & Company by 264.7% during the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 45 shares during the period. ZRC Wealth Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth $28,000. Worth Asset Management LLC bought a new position in shares of Deere & Company in the first quarter worth $28,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Deere & Company in the third quarter valued at $37,000. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Evercore ISI boosted their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Stifel Nicolaus decreased their target price on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Melius Research reiterated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $431.69.

Deere & Company Stock Performance

NYSE:DE opened at $409.23 on Thursday. The company has a market capitalization of $113.91 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.50 and a beta of 1.03. The business has a 50 day moving average of $379.82 and a 200 day moving average of $381.32. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm had revenue of $10.49 billion during the quarter, compared to analyst estimates of $10.30 billion. During the same period in the previous year, the business posted $6.55 EPS. The business’s quarterly revenue was down 8.0% on a year-over-year basis. On average, sell-side analysts predict that Deere & Company will post 27.41 earnings per share 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. Shareholders of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 annualized dividend and a yield of 1.44%. Deere & Company’s payout ratio 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.