Unison Asset Management LLC Has $1.88 Million Position in Deere & Company (NYSE:DE)

Unison Asset Management LLC boosted its position in Deere & Company (NYSE:DE) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,425 shares of the industrial products company’s stock after purchasing an additional 112 shares during the quarter. Deere & Company comprises about 0.9% of Unison Asset Management LLC’s portfolio, making the stock its 22nd biggest holding. Unison Asset Management LLC’s holdings in Deere & Company were worth $1,875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital raised its stake in Deere & Company by 3.1% in the 3rd quarter. Wedmont Private Capital now owns 2,573 shares of the industrial products company’s stock worth $1,045,000 after purchasing an additional 78 shares in the last quarter. Quotient Wealth Partners LLC raised its position in shares of Deere & Company by 3.5% in the third quarter. Quotient Wealth Partners LLC now owns 892 shares of the industrial products company’s stock valued at $372,000 after buying an additional 30 shares in the last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of Deere & Company by 5.1% in the third quarter. Pinnacle Bancorp Inc. now owns 817 shares of the industrial products company’s stock valued at $341,000 after buying an additional 40 shares during the period. BWM Planning LLC acquired a new stake in Deere & Company during the third quarter worth approximately $273,000. Finally, Strong Tower Advisory Services increased its stake in Deere & Company by 9.6% during the 3rd quarter. Strong Tower Advisory Services now owns 12,267 shares of the industrial products company’s stock worth $5,119,000 after acquiring an additional 1,073 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on DE. UBS Group increased their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research report on Friday, December 6th. Morgan Stanley increased their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Barclays boosted their price objective 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. Finally, Oppenheimer raised their target price on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Deere & Company presently has an average rating of “Hold” and an average target price of $444.50.

Deere & Company Stock Up 0.1 %

Shares of NYSE:DE opened at $465.63 on Friday. The firm has a market cap of $126.82 billion, a P/E ratio of 18.19, a P/E/G ratio of 2.94 and a beta of 0.98. Deere & Company has a 12-month low of $340.20 and a 12-month high of $485.84. The business has a fifty day simple moving average of $445.01 and a 200 day simple moving average of $412.26. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89.

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

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend 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 is 25.31%.

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.