Cetera Trust Company N.A Makes New $130,000 Investment in Deere & Company (NYSE:DE)

Cetera Trust Company N.A purchased a new position in Deere & Company (NYSE:DE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 326 shares of the industrial products company’s stock, valued at approximately $130,000.

Several other institutional investors have also added to or reduced their stakes in DE. International Assets Investment Management LLC raised its position in Deere & Company by 46,241.1% in the fourth 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 during the period. FMR LLC raised its position in shares of Deere & Company by 6.6% during the 3rd quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock valued at $1,650,767,000 after purchasing an additional 269,571 shares during the period. Quadrature Capital Ltd raised its position in shares of Deere & Company by 94.0% during the 3rd quarter. Quadrature Capital Ltd now owns 301,396 shares of the industrial products company’s stock valued at $113,759,000 after purchasing an additional 146,069 shares during the period. Ceredex Value Advisors LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at $43,384,000. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Deere & Company during the 3rd quarter valued at $38,876,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $399.61 on Tuesday. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00. The stock has a market capitalization of $111.24 billion, a P/E ratio of 11.64, a PEG ratio of 1.50 and a beta of 1.04. The firm has a fifty day simple moving average of $386.06 and a two-hundred day simple moving average of $383.26. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. During the same period last year, the company posted $6.55 EPS. The business’s revenue was down 8.0% on a year-over-year basis. On average, analysts expect that Deere & Company will post 27.4 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DE shares. Melius downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Evercore ISI raised their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Morgan Stanley started coverage on shares of Deere & Company in a research report on Monday, January 8th. They set an “overweight” rating and a $430.00 price objective on the stock. Finally, Citigroup decreased 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. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $433.28.

Deere & Company 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.