Deere & Company (NYSE:DE) Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC lowered its position in shares of Deere & Company (NYSE:DEFree Report) by 15.6% during the third quarter, Holdings Channel reports. The firm owned 6,237 shares of the industrial products company’s stock after selling 1,155 shares during the quarter. Modera Wealth Management LLC’s holdings in Deere & Company were worth $2,354,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in DE. Moneta Group Investment Advisors LLC increased its position in 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 valued at $1,380,557,000 after acquiring an additional 3,216,801 shares during the period. Norges Bank acquired a new position in Deere & Company in the 4th quarter valued at about $1,326,177,000. Morgan Stanley increased its position in Deere & Company by 13.8% in the 4th quarter. Morgan Stanley now owns 4,576,183 shares of the industrial products company’s stock valued at $1,962,085,000 after acquiring an additional 554,133 shares during the period. First Trust Advisors LP increased its position in 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 valued at $219,379,000 after acquiring an additional 451,019 shares during the period. Finally, CI Private Wealth LLC acquired a new position in Deere & Company in the 4th quarter valued at about $139,112,000. Institutional investors and hedge funds own 66.27% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE:DE opened at $378.87 on Thursday. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The business’s 50 day simple moving average is $379.71 and its 200-day simple moving average is $382.67. The firm has a market capitalization of $105.46 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.41 and a beta of 1.03.

Deere & Company (NYSE:DEGet Free Report) last posted its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the prior year, the company earned $6.55 EPS. Deere & Company’s revenue was down 8.0% on a year-over-year basis. As a group, equities analysts forecast that Deere & Company will post 27.41 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s payout ratio is currently 17.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley assumed coverage on Deere & Company in a research report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Citigroup dropped their target price on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Evercore ISI boosted their target price on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Finally, Melius cut Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $428.58.

View Our Latest Stock Report on DE

Deere & Company Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DEFree Report).

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.