Boyd Wealth Management LLC Has $567,000 Stake in Deere & Company (NYSE:DE)

Boyd Wealth Management LLC lowered its position in Deere & Company (NYSE:DE) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,417 shares of the industrial products company’s stock after selling 69 shares during the period. Boyd Wealth Management LLC’s holdings in Deere & Company were worth $567,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Associates Ltd. lifted its position in shares of Deere & Company by 21.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 5,355 shares of the industrial products company’s stock worth $2,141,000 after purchasing an additional 939 shares during the period. Penserra Capital Management LLC lifted its position in shares of Deere & Company by 2.4% during the 3rd quarter. Penserra Capital Management LLC now owns 236,696 shares of the industrial products company’s stock valued at $89,322,000 after acquiring an additional 5,485 shares during the period. New Mexico Educational Retirement Board lifted its position in shares of Deere & Company by 6.9% during the 3rd quarter. New Mexico Educational Retirement Board now owns 14,002 shares of the industrial products company’s stock valued at $5,284,000 after acquiring an additional 900 shares during the period. Centric Wealth Management acquired a new position in shares of Deere & Company during the 3rd quarter valued at $2,640,000. Finally, Graham Capital Management L.P. lifted its position in shares of Deere & Company by 483.3% during the 3rd quarter. Graham Capital Management L.P. now owns 17,500 shares of the industrial products company’s stock valued at $6,604,000 after acquiring an additional 14,500 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

NYSE DE traded down $0.28 during trading on Friday, hitting $400.32. 1,117,286 shares of the company’s stock traded hands, compared to its average volume of 1,496,163. The stock has a market capitalization of $111.43 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.49 and a beta of 1.04. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. The business has a 50 day moving average of $385.47 and a 200-day moving average of $382.79.

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 firm had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same period in the prior year, the firm posted $6.55 earnings per share. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that Deere & Company will post 27.39 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DE. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Melius Research restated a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Stifel Nicolaus decreased their price target on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Citigroup decreased their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Finally, Evercore ISI boosted their price target on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $433.28.

Deere & 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.