Integral Investment Advisors Inc. Sells 274 Shares of Deere & Company (NYSE:DE)

Integral Investment Advisors Inc. reduced its stake in Deere & Company (NYSE:DE) by 11.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,039 shares of the industrial products company’s stock after selling 274 shares during the period. Integral Investment Advisors Inc.’s holdings in Deere & Company were worth $957,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Deere & Company by 19.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company’s stock valued at $2,792,082,000 after purchasing an additional 1,095,736 shares in the last quarter. Capital World Investors lifted its position in Deere & Company by 2.7% during the fourth quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company’s stock valued at $2,566,884,000 after purchasing an additional 157,224 shares during the last quarter. FMR LLC grew its stake in shares of Deere & Company by 22.9% in the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company’s stock worth $2,364,843,000 after buying an additional 1,039,395 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Deere & Company by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,305,571 shares of the industrial products company’s stock worth $2,247,216,000 after buying an additional 97,203 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Deere & Company in the 4th quarter worth about $1,244,094,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 0.3%

Shares of DE opened at $521.63 on Tuesday. The firm has a market capitalization of $141.27 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.14 and a beta of 1.09. Deere & Company has a 12-month low of $340.20 and a 12-month high of $533.78. The firm has a fifty day moving average price of $480.22 and a 200-day moving average price of $467.10. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating analysts’ consensus estimates of $5.72 by $0.92. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company posted $8.53 EPS. Deere & Company’s revenue was down 17.9% on a year-over-year basis. Equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.24%. The ex-dividend date is Monday, June 30th. Deere & Company’s payout ratio is 31.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Baird R W downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Deere & Company in a research note on Thursday, May 15th. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. Bank of America increased their price target on Deere & Company from $495.00 to $556.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Barclays lifted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $515.19.

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.