Avior Wealth Management LLC Buys 97 Shares of Deere & Company (NYSE:DE)

Avior Wealth Management LLC grew its stake in Deere & Company (NYSE:DE) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,149 shares of the industrial products company’s stock after purchasing an additional 97 shares during the quarter. Avior Wealth Management LLC’s holdings in Deere & Company were worth $1,659,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its stake in shares of Deere & Company by 104,373.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,219,883 shares of the industrial products company’s stock worth $1,380,557,000 after acquiring an additional 3,216,801 shares in the last quarter. Norges Bank bought a new position in shares of Deere & Company in the 4th quarter worth about $1,326,177,000. International Assets Investment Management LLC increased its stake in shares of Deere & Company by 46,241.1% in the 4th quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock worth $336,142,000 after acquiring an additional 838,813 shares in the last quarter. Morgan Stanley increased its stake in shares of Deere & Company by 13.8% in the 4th quarter. Morgan Stanley now owns 4,576,183 shares of the industrial products company’s stock worth $1,962,085,000 after acquiring an additional 554,133 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Deere & Company by 561.5% in the 1st quarter. First Trust Advisors LP now owns 531,339 shares of the industrial products company’s stock worth $219,379,000 after acquiring an additional 451,019 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Melius Research reissued a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Melius downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup cut their price objective on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Finally, Stifel Nicolaus cut their price objective on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Deere & Company currently has an average rating of “Hold” and a consensus target price of $433.28.

Deere & Company Trading Down 0.2 %

Deere & Company stock opened at $393.01 on Wednesday. The stock has a market cap of $109.40 billion, a P/E ratio of 11.45, a PEG ratio of 1.48 and a beta of 1.04. 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 1 year low of $345.55 and a 1 year high of $450.00. The firm’s 50 day moving average price is $384.95 and its 200-day moving average price is $382.56.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.19 by $1.04. The firm had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $6.55 earnings per share. On average, equities analysts predict that Deere & Company will post 27.41 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm 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. This represents a $5.88 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s dividend payout ratio is presently 17.12%.

Deere & Company Profile

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.