Asset Planning Inc Takes $51,000 Position in Deere & Company (NYSE:DE)

Asset Planning Inc purchased a new stake in Deere & Company (NYSE:DE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 120 shares of the industrial products company’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Banque Pictet & Cie SA increased its stake in shares of Deere & Company by 2.0% in the 4th quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company’s stock valued at $33,165,000 after purchasing an additional 1,500 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Deere & Company by 1.2% in the 4th quarter. V Square Quantitative Management LLC now owns 4,914 shares of the industrial products company’s stock valued at $2,082,000 after purchasing an additional 60 shares during the last quarter. Rooted Wealth Advisors Inc. increased its stake in shares of Deere & Company by 9.0% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 690 shares of the industrial products company’s stock valued at $285,000 after purchasing an additional 57 shares during the last quarter. Compagnie Lombard Odier SCmA increased its stake in shares of Deere & Company by 0.6% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 17,995 shares of the industrial products company’s stock valued at $7,624,000 after purchasing an additional 115 shares during the last quarter. Finally, Figure 8 Investment Strategies LLC bought a new position in shares of Deere & Company in the 4th quarter valued at $2,429,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the topic of several recent research reports. Citigroup raised their price objective on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a report on Friday. UBS Group raised their price objective on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Barclays raised their price objective on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Morgan Stanley raised their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their price objective on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $448.72.

Deere & Company Stock Up 3.0 %

Shares of NYSE:DE opened at $480.17 on Friday. The company has a market capitalization of $130.77 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 2.87 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The business’s 50-day moving average is $446.23 and its 200-day moving average is $415.49. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Equities research analysts predict that Deere & Company will post 19.38 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company’s payout ratio is presently 25.31%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.