Oliver Lagore Vanvalin Investment Group Has $700,000 Stock Holdings in Deere & Company (NYSE:DE)

Oliver Lagore Vanvalin Investment Group grew its holdings in Deere & Company (NYSE:DE) by 3.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,751 shares of the industrial products company’s stock after acquiring an additional 53 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Deere & Company were worth $700,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Retirement Group LLC grew its holdings in shares of Deere & Company by 264.7% in the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 45 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in shares of Deere & Company in the 3rd quarter worth about $25,000. Rakuten Securities Inc. bought a new stake in shares of Deere & Company in the 4th quarter worth about $28,000. ZRC Wealth Management LLC bought a new stake in shares of Deere & Company in the 4th quarter worth about $28,000. Finally, Worth Asset Management LLC bought a new stake in shares of Deere & Company in the 1st quarter worth about $28,000. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DE. Melius Research reaffirmed a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Citigroup decreased their price objective on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. JPMorgan Chase & Co. increased their price objective 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. Finally, Evercore ISI increased their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Deere & Company has a consensus rating of “Hold” and a consensus price target of $433.28.

Deere & Company Trading Up 0.2 %

Shares of NYSE DE traded up $0.77 during mid-day trading on Thursday, hitting $397.65. The company’s stock had a trading volume of 583,799 shares, compared to its average volume of 1,487,994. The stock has a market cap of $110.69 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. The company’s fifty day simple moving average is $385.17 and its 200-day simple moving average is $382.66. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. Deere & Company has a one year low of $345.55 and a one year high of $450.00.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The business had revenue of $10.49 billion for 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%. Deere & Company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period last year, the company posted $6.55 EPS. On average, sell-side analysts anticipate that Deere & Company will post 27.39 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be given a $1.47 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.48%. Deere & Company’s dividend 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.