Deere & Company $DE Stock Holdings Increased by New York Life Investment Management LLC

New York Life Investment Management LLC raised its holdings in shares of Deere & Company (NYSE:DE) by 3.5% during the 4th quarter, Holdings Channel reports. The fund owned 35,662 shares of the industrial products company’s stock after purchasing an additional 1,221 shares during the period. New York Life Investment Management LLC’s holdings in Deere & Company were worth $16,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Csenge Advisory Group lifted its position in shares of Deere & Company by 84.9% in the third quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock worth $3,402,000 after buying an additional 3,416 shares during the last quarter. Spectrum Financial Alliance Ltd LLC lifted its position in shares of Deere & Company by 55.8% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company’s stock worth $39,737,000 after buying an additional 30,553 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its position in shares of Deere & Company by 66.1% in the third quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company’s stock worth $12,606,000 after buying an additional 10,974 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of Deere & Company by 263.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 17,308 shares of the industrial products company’s stock worth $7,942,000 after buying an additional 12,551 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Deere & Company by 14.6% in the third quarter. Public Sector Pension Investment Board now owns 21,174 shares of the industrial products company’s stock worth $9,682,000 after buying an additional 2,702 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

NYSE DE opened at $562.12 on Friday. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21. The stock has a market capitalization of $151.83 billion, a PE ratio of 31.69, a P/E/G ratio of 2.00 and a beta of 0.96. The stock has a 50-day simple moving average of $580.96 and a 200 day simple moving average of $537.02.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $1.90 by $0.52. The firm had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.19 EPS. Research analysts anticipate that Deere & Company will post 18.01 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were issued a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.2%. Deere & Company’s dividend payout ratio is 36.53%.

Wall Street Analyst Weigh In

DE has been the subject of a number of analyst reports. Citigroup reduced their price target on Deere & Company from $675.00 to $625.00 and set a “neutral” rating for the company in a research report on Monday, March 9th. Jefferies Financial Group raised Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price target for the company in a research report on Wednesday, April 8th. Wells Fargo & Company boosted their price objective on Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Raymond James Financial reissued an “outperform” rating and set a $765.00 price objective on shares of Deere & Company in a research report on Monday, February 23rd. Finally, Oppenheimer reissued an “outperform” rating and set a $715.00 price objective on shares of Deere & Company in a research report on Friday, February 20th. Fifteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $655.45.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.