Deere & Company (NYSE:DE) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of Deere & Company (NYSE:DE) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,640 shares of the industrial products company’s stock after selling 968 shares during the quarter. Yousif Capital Management LLC’s holdings in Deere & Company were worth $15,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory acquired a new position in Deere & Company during the third quarter worth about $32,000. Modus Advisors LLC acquired a new position in Deere & Company during the fourth quarter worth about $32,000. Synergy Asset Management LLC acquired a new position in Deere & Company during the fourth quarter worth about $35,000. Continuum Advisory LLC grew its position in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Deere & Company during the third quarter worth about $47,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Up 1.2 %

Shares of NYSE:DE opened at $472.72 on Wednesday. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84. The stock has a 50-day simple moving average of $444.77 and a 200-day simple moving average of $410.83. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The stock has a market capitalization of $128.75 billion, a P/E ratio of 18.47, a PEG ratio of 2.94 and a beta of 0.98.

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

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.37%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio is 25.31%.

Wall Street Analyst Weigh In

Several analysts have recently commented on DE shares. Barclays increased their price target on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. UBS Group raised their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Oppenheimer raised their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Morgan Stanley raised their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $444.50.

Deere & Company Profile

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.