Deere & Company (NYSE:DE) Stake Lessened by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. decreased its position in shares of Deere & Company (NYSE:DE) by 14.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,307 shares of the industrial products company’s stock after selling 1,379 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Deere & Company were worth $3,322,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc bought a new stake in shares of Deere & Company during the 3rd quarter worth $25,000. Retirement Group LLC boosted its position in shares of Deere & Company by 264.7% in the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 45 shares during the period. ZRC Wealth Management LLC purchased a new position in Deere & Company in the 4th quarter worth about $28,000. Worth Asset Management LLC purchased a new stake in Deere & Company during the first quarter valued at about $28,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Deere & Company in the third quarter worth about $37,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Down 0.2 %

Shares of NYSE:DE traded down $0.79 during midday trading on Wednesday, hitting $393.01. 1,865,373 shares of the stock were exchanged, compared to its average volume of 1,279,511. The business’s 50-day moving average price is $384.95 and its 200 day moving average price is $382.56. 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 quick ratio of 1.81 and a current ratio of 2.05. The stock has a market capitalization of $109.40 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.48 and a beta of 1.04.

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

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders 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 1.50%. Deere & Company’s payout ratio is presently 17.12%.

Analysts Set New Price Targets

Several brokerages recently commented on DE. Melius Research restated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Deutsche Bank Aktiengesellschaft decreased their target price on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Melius lowered Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, Citigroup reduced their price target on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Deere & Company currently has a consensus rating of “Hold” and a consensus price target of $433.28.

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.