ERn Financial LLC Has $1.41 Million Stake in Deere & Company (NYSE:DE)

ERn Financial LLC raised its position in Deere & Company (NYSE:DE) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,684 shares of the industrial products company’s stock after purchasing an additional 88 shares during the period. ERn Financial LLC’s holdings in Deere & Company were worth $1,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DE. Morgan Stanley increased its stake in Deere & Company by 1.3% in the third quarter. Morgan Stanley now owns 5,089,159 shares of the industrial products company’s stock valued at $1,920,548,000 after acquiring an additional 65,006 shares during the last quarter. FMR LLC raised its holdings in shares of Deere & Company by 6.6% during the third quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock valued at $1,650,767,000 after purchasing an additional 269,571 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Deere & Company by 104,373.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,219,883 shares of the industrial products company’s stock worth $1,380,557,000 after acquiring an additional 3,216,801 shares in the last quarter. Norges Bank bought a new stake in Deere & Company in the 4th quarter worth about $1,326,177,000. Finally, Northern Trust Corp grew its position in Deere & Company by 2.5% in the 3rd quarter. Northern Trust Corp now owns 3,061,715 shares of the industrial products company’s stock worth $1,155,430,000 after purchasing an additional 73,601 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 0.4 %

NYSE DE traded up $1.60 on Friday, reaching $410.74. The stock had a trading volume of 1,426,777 shares, compared to its average volume of 1,532,207. The firm has a market capitalization of $114.33 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 1.54 and a beta of 1.03. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00. The stock has a fifty day moving average price of $381.03 and a two-hundred day moving average price of $381.72.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. The business had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.55 earnings per share. As a group, sell-side analysts forecast that Deere & Company will post 27.41 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be paid a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.43%. Deere & Company’s payout ratio is currently 17.12%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of recent analyst reports. Morgan Stanley began coverage on shares of Deere & Company in a research report on Monday, January 8th. They set an “overweight” rating and a $430.00 price target for the company. Stifel Nicolaus lowered their price target on Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. JPMorgan Chase & Co. lifted their price objective on Deere & Company from $380.00 to $385.00 and gave the stock a “neutral” rating in a report on Monday, December 4th. Melius Research reissued a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $431.69.

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.