Deere & Company (NYSE:DE) Shares Bought by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. increased its stake in Deere & Company (NYSE:DE) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,103 shares of the industrial products company’s stock after purchasing an additional 37 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Deere & Company were worth $4,281,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Elevate Capital Advisors LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth approximately $1,737,000. Harbour Trust & Investment Management Co raised its holdings in Deere & Company by 2.3% during the fourth quarter. Harbour Trust & Investment Management Co now owns 28,648 shares of the industrial products company’s stock worth $12,138,000 after purchasing an additional 643 shares in the last quarter. Canvas Wealth Advisors LLC acquired a new stake in Deere & Company in the fourth quarter worth approximately $202,000. Angeles Wealth Management LLC boosted its stake in Deere & Company by 35.9% during the 4th quarter. Angeles Wealth Management LLC now owns 663 shares of the industrial products company’s stock valued at $281,000 after purchasing an additional 175 shares in the last quarter. Finally, Compass Financial Services Inc acquired a new position in shares of Deere & Company during the 4th quarter valued at $254,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 0.1 %

NYSE:DE opened at $465.63 on Monday. The stock’s 50-day moving average is $445.00 and its two-hundred day moving average is $413.15. 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 stock has a market cap of $126.82 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $485.84.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the prior year, the business earned $8.26 EPS. The company’s revenue for the quarter was down 32.8% compared to the same quarter last year. As a group, equities research analysts forecast that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.39%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is currently 25.31%.

Analyst Ratings Changes

DE has been the subject of several research analyst reports. Oppenheimer upped their price objective on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Barclays raised their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Morgan Stanley lifted their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Finally, Citigroup decreased their price target on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $444.50.

Deere & 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.