SVB Wealth LLC Boosts Stock Position in Deere & Company (NYSE:DE)

SVB Wealth LLC grew its position in shares of Deere & Company (NYSE:DE) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,797 shares of the industrial products company’s stock after purchasing an additional 87 shares during the quarter. SVB Wealth LLC’s holdings in Deere & Company were worth $1,918,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Retirement Group LLC raised its stake in shares of Deere & Company by 264.7% during the second quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Briaud Financial Planning Inc purchased a new position in Deere & Company in the 3rd quarter worth $25,000. ZRC Wealth Management LLC purchased a new position in Deere & Company in the 4th quarter worth $28,000. Worth Asset Management LLC bought a new stake in Deere & Company in the first quarter worth $28,000. Finally, Milestone Investment Advisors LLC purchased a new stake in Deere & Company during the third quarter valued at about $37,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research report on Friday, February 16th. Evercore ISI upped their price target on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. Melius Research reissued a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Stifel Nicolaus decreased their price objective on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Deere & Company has an average rating of “Hold” and an average target price of $433.28.

Deere & Company Trading Up 1.0 %

Deere & Company stock opened at $397.01 on Thursday. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The company has a market capitalization of $110.51 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. The business’s fifty day simple moving average is $385.17 and its two-hundred day simple moving average is $382.66. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) 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 company had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. During the same quarter in the previous year, the business posted $6.55 EPS. Deere & Company’s revenue was down 8.0% compared to the same quarter last year. As a group, equities analysts predict that Deere & Company will post 27.39 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.48%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s dividend payout ratio is currently 17.12%.

Deere & Company 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.