Deere & Company (NYSE:DE) Shares Bought by Montag A & Associates Inc.

Montag A & Associates Inc. lifted its holdings in Deere & Company (NYSE:DE) by 104.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,818 shares of the industrial products company’s stock after acquiring an additional 5,012 shares during the quarter. Montag A & Associates Inc.’s holdings in Deere & Company were worth $4,175,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pineridge Advisors LLC boosted its holdings in Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after buying an additional 26 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Deere & Company during the 4th quarter valued at $32,000. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company during the 3rd quarter worth $32,000. YANKCOM Partnership acquired a new position in shares of Deere & Company in the 4th quarter worth $34,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth $35,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 3.0 %

NYSE:DE opened at $480.17 on Friday. The company has a market capitalization of $130.77 billion, a P/E ratio of 18.76, a P/E/G ratio of 2.87 and a beta of 0.98. The stock’s 50 day moving average price is $446.95 and its 200 day moving average price is $416.21. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a 52 week low of $340.20 and a 52 week high of $485.84.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. On average, research analysts forecast that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.62 per share. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DE. UBS Group lifted their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Barclays lifted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Morgan Stanley lifted their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Oppenheimer boosted their target price on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $448.72.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.