Hunter Associates Investment Management LLC Has $720,000 Stake in Deere & Company (NYSE:DE)

Hunter Associates Investment Management LLC boosted its stake in Deere & Company (NYSE:DEFree Report) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,916 shares of the industrial products company’s stock after purchasing an additional 76 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Deere & Company were worth $720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Retirement Group LLC raised its position in shares of Deere & Company by 264.7% during the second quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 45 shares during the period. Briaud Financial Planning Inc acquired a new stake in shares of Deere & Company during the third quarter worth about $25,000. Worth Asset Management LLC acquired a new stake in shares of Deere & Company during the first quarter worth about $28,000. Milestone Investment Advisors LLC acquired a new stake in shares of Deere & Company during the third quarter worth about $37,000. Finally, Center for Financial Planning Inc. raised its position in shares of Deere & Company by 666.7% during the second quarter. Center for Financial Planning Inc. now owns 115 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 100 shares during the period. Institutional investors own 66.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Deere & Company from $380.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, December 4th. Morgan Stanley began coverage on Deere & Company in a research report on Monday, January 8th. They set an “overweight” rating and a $430.00 price target on the stock. TD Cowen decreased their price objective on Deere & Company from $438.00 to $396.00 and set a “market perform” rating for the company in a report on Friday, November 24th. Melius Research reiterated a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Finally, Melius downgraded Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $439.69.

Read Our Latest Stock Analysis on Deere & Company

Deere & Company Stock Performance

NYSE:DE opened at $382.50 on Monday. The stock has a market cap of $107.20 billion, a P/E ratio of 11.00, a PEG ratio of 1.11 and a beta of 1.05. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 1.77. The stock has a 50 day simple moving average of $387.08 and a 200 day simple moving average of $390.65. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00.

Deere & Company (NYSE:DEGet Free Report) last issued its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $8.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.46 by $0.80. Deere & Company had a return on equity of 45.91% and a net margin of 16.60%. The company had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.64 billion. During the same quarter last year, the company posted $7.44 EPS. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. Research analysts anticipate that Deere & Company will post 28.46 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Investors of record on Friday, December 29th were given a dividend of $1.47 per share. The ex-dividend date was Thursday, December 28th. This represents a $5.88 dividend on an annualized basis and a yield of 1.54%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.35. Deere & Company’s payout ratio is currently 16.96%.

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.

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

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