Quotient Wealth Partners LLC Acquires 279 Shares of Deere & Company (NYSE:DE)

Quotient Wealth Partners LLC increased its holdings in shares of Deere & Company (NYSE:DE) by 31.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,171 shares of the industrial products company’s stock after purchasing an additional 279 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Deere & Company were worth $496,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Deere & Company by 301.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,951 shares of the industrial products company’s stock valued at $817,000 after purchasing an additional 1,465 shares during the last quarter. First Affirmative Financial Network lifted its stake in Deere & Company by 32.9% in the 3rd quarter. First Affirmative Financial Network now owns 771 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 191 shares during the last quarter. Compton Wealth Advisory Group LLC acquired a new stake in Deere & Company in the third quarter valued at approximately $222,000. Sound Income Strategies LLC grew its stake in shares of Deere & Company by 28.9% during the third quarter. Sound Income Strategies LLC now owns 687 shares of the industrial products company’s stock worth $287,000 after buying an additional 154 shares during the last quarter. Finally, Northcape Capital Pty Ltd lifted its stake in shares of Deere & Company by 17.3% in the 3rd quarter. Northcape Capital Pty Ltd now owns 2,222 shares of the industrial products company’s stock valued at $927,000 after acquiring an additional 328 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 0.1 %

Shares of DE stock opened at $465.63 on Monday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The business has a 50-day moving average of $445.00 and a 200 day moving average of $413.15. The stock has a market capitalization of $126.82 billion, a PE ratio of 18.19, a P/E/G ratio of 2.87 and a beta of 0.98. Deere & Company has a 1-year low of $340.20 and a 1-year high of $485.84.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm’s revenue for the quarter was down 32.8% on a year-over-year basis. During the same period in the previous year, the firm earned $8.26 earnings per share. As a group, sell-side analysts anticipate that Deere & Company will post 19.38 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a $1.62 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.39%. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DE shares. JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Citigroup lowered their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley boosted their target price on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a report on Friday, December 6th. Finally, Barclays boosted their price objective on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $444.50.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.