Schear Investment Advisers LLC Increases Holdings in Deere & Company (NYSE:DE)

Schear Investment Advisers LLC increased its position in Deere & Company (NYSE:DE) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,351 shares of the industrial products company’s stock after buying an additional 102 shares during the quarter. Schear Investment Advisers LLC’s holdings in Deere & Company were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of DE. Pineridge Advisors LLC grew its position in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after buying an additional 26 shares during the period. Livelsberger Financial Advisory purchased a new position in Deere & Company in the 3rd quarter worth approximately $32,000. Modus Advisors LLC bought a new position in Deere & Company in the 4th quarter valued at approximately $32,000. YANKCOM Partnership purchased a new stake in Deere & Company during the 4th quarter valued at $34,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Deere & Company in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 1.0 %

Shares of NYSE:DE opened at $474.79 on Wednesday. The business’s 50-day moving average is $445.15 and its 200 day moving average is $414.08. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84. The firm has a market capitalization of $129.31 billion, a P/E ratio of 18.55, a P/E/G ratio of 2.87 and a beta of 0.98.

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

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.36%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company’s dividend payout ratio is presently 25.31%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DE. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research report on Friday, December 6th. Barclays boosted their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. UBS Group increased their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Oppenheimer upped their target price on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday. Eleven equities 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 $446.17.

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.