Deere & Company (NYSE:DE) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC cut its stake in shares of Deere & Company (NYSE:DE – Get Rating) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,614 shares of the industrial products company’s stock after selling 161 shares during the quarter. Acropolis Investment Management LLC’s holdings in Deere & Company were worth $1,550,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. TCI Wealth Advisors Inc. raised its stake in shares of Deere & Company by 1.5% during the third quarter. TCI Wealth Advisors Inc. now owns 1,694 shares of the industrial products company’s stock valued at $566,000 after purchasing an additional 25 shares during the period. FSM Wealth Advisors LLC lifted its position in shares of Deere & Company by 2.3% during the third quarter. FSM Wealth Advisors LLC now owns 1,290 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 29 shares in the last quarter. Abbrea Capital LLC lifted its position in shares of Deere & Company by 3.1% during the third quarter. Abbrea Capital LLC now owns 998 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 30 shares in the last quarter. JNBA Financial Advisors lifted its position in shares of Deere & Company by 1.3% during the third quarter. JNBA Financial Advisors now owns 2,367 shares of the industrial products company’s stock worth $790,000 after purchasing an additional 30 shares in the last quarter. Finally, MidWestOne Financial Group Inc. lifted its position in shares of Deere & Company by 0.3% during the third quarter. MidWestOne Financial Group Inc. now owns 8,973 shares of the industrial products company’s stock worth $2,996,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 75.72% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of recent research reports. DA Davidson reissued a “buy” rating and set a $520.00 target price on shares of Deere & Company in a research report on Tuesday, February 21st. UBS Group upped their price target on shares of Deere & Company from $374.00 to $452.00 and gave the company a “neutral” rating in a report on Friday, November 25th. Evercore ISI upped their price target on shares of Deere & Company from $463.00 to $513.00 in a report on Monday, November 28th. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $415.00 to $440.00 and gave the company a “neutral” rating in a report on Friday, November 25th. Finally, StockNews.com started coverage on shares of Deere & Company in a report on Thursday. They issued a “buy” rating on the stock. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $460.81.

Deere & Company Stock Down 1.4 %

Deere & Company stock opened at $385.50 on Friday. The company has a 50-day simple moving average of $417.58 and a 200-day simple moving average of $403.13. The firm has a market capitalization of $114.23 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.04 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.76 and a current ratio of 2.07. Deere & Company has a one year low of $283.81 and a one year high of $448.40.

Deere & Company (NYSE:DE – Get Rating) last released its quarterly earnings results on Friday, February 17th. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.53 by $1.02. The business had revenue of $11.40 billion during the quarter, compared to analyst estimates of $11.14 billion. Deere & Company had a net margin of 14.71% and a return on equity of 41.17%. The company’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.92 earnings per share. As a group, equities analysts expect that Deere & Company will post 30.58 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 8th. Investors of record on Friday, March 31st will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, March 30th. This is a positive change from Deere & Company’s previous quarterly dividend of $1.20. Deere & Company’s dividend payout ratio is currently 17.80%.

Deere & Company Company Profile

(Get Rating)

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.