Folger Nolan Fleming Douglas Capital Management Inc. Has $537,000 Holdings in Deere & Company (NYSE:DE)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in Deere & Company (NYSE:DE) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,344 shares of the industrial products company’s stock after selling 29 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Deere & Company were worth $537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Briaud Financial Planning Inc acquired a new position in shares of Deere & Company in the third quarter valued at approximately $25,000. ZRC Wealth Management LLC acquired a new position in Deere & Company during the fourth quarter worth $28,000. Rakuten Securities Inc. acquired a new position in Deere & Company during the fourth quarter worth $28,000. Naples Money Management LLC acquired a new position in Deere & Company during the fourth quarter worth $29,000. Finally, Bfsg LLC acquired a new position in Deere & Company during the fourth quarter worth $30,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DE shares. Stifel Nicolaus reduced their target price on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Morgan Stanley started coverage on shares of Deere & Company in a report on Monday, January 8th. They set an “overweight” rating and a $430.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Melius Research restated a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Finally, Citigroup dropped their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $433.28.

Deere & Company Stock Performance

Shares of DE traded down $0.73 during trading hours on Friday, hitting $393.33. The company had a trading volume of 998,338 shares, compared to its average volume of 1,243,125. The firm has a market cap of $109.49 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.48 and a beta of 1.04. The business has a fifty day moving average of $387.86 and a 200-day moving average of $383.61. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. 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 (NYSE:DE) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 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 business had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same period last year, the firm earned $6.55 earnings per share. Deere & Company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Equities analysts anticipate that Deere & Company will post 27.37 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders 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 yield of 1.49%. Deere & Company’s payout ratio is 17.12%.

About Deere & Company

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.