Ethic Inc. Grows Stock Holdings in Deere & Company $DE

Ethic Inc. raised its holdings in shares of Deere & Company (NYSE:DEFree Report) by 5.2% during the fourth quarter, HoldingsChannel reports. The fund owned 30,665 shares of the industrial products company’s stock after purchasing an additional 1,519 shares during the quarter. Ethic Inc.’s holdings in Deere & Company were worth $14,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DE. Csenge Advisory Group lifted its holdings in shares of Deere & Company by 84.9% in the third quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock worth $3,402,000 after buying an additional 3,416 shares in the last quarter. Spectrum Financial Alliance Ltd LLC grew its stake in Deere & Company by 55.8% during the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company’s stock valued at $39,737,000 after acquiring an additional 30,553 shares in the last quarter. Compagnie Lombard Odier SCmA increased its holdings in Deere & Company by 66.1% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company’s stock worth $12,606,000 after acquiring an additional 10,974 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in Deere & Company by 263.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 17,308 shares of the industrial products company’s stock worth $7,942,000 after acquiring an additional 12,551 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in Deere & Company by 14.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 21,174 shares of the industrial products company’s stock worth $9,682,000 after purchasing an additional 2,702 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $574.70 on Friday. The firm has a market capitalization of $155.23 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.03 and a beta of 0.96. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19. The business’s 50-day moving average price is $586.28 and its 200-day moving average price is $532.75.

Deere & Company (NYSE:DEGet Free Report) last released its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.52. The company had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.Deere & Company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 EPS. Sell-side analysts forecast that Deere & Company will post 18.01 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, March 31st. Deere & Company’s payout ratio is presently 36.53%.

Key Deere & Company News

Here are the key news stories impacting Deere & Company this week:

Analyst Ratings Changes

Several brokerages have commented on DE. Wells Fargo & Company raised their price target on shares of Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Raymond James Financial reiterated an “outperform” rating and issued a $765.00 price objective on shares of Deere & Company in a research report on Monday, February 23rd. DA Davidson lifted their price objective on Deere & Company from $580.00 to $775.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Oppenheimer restated an “outperform” rating and set a $715.00 target price on shares of Deere & Company in a research report on Friday, February 20th. Finally, Robert W. Baird decreased their target price on Deere & Company from $675.00 to $580.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $655.45.

Check Out Our Latest Stock Report on DE

About Deere & Company

(Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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