Deere & Company (NYSE:DE) Stock Holdings Lessened by Acropolis Investment Management LLC

Acropolis Investment Management LLC trimmed its stake in Deere & Company (NYSE:DE – Get Rating) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,614 shares of the industrial products company’s stock after selling 161 shares during the quarter. Acropolis Investment Management LLC’s holdings in Deere & Company were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. grew its holdings in Deere & Company by 1.5% during the third quarter. TCI Wealth Advisors Inc. now owns 1,694 shares of the industrial products company’s stock valued at $566,000 after purchasing an additional 25 shares during the last quarter. FSM Wealth Advisors LLC grew its holdings in Deere & Company by 2.3% during the third quarter. FSM Wealth Advisors LLC now owns 1,290 shares of the industrial products company’s stock valued at $431,000 after purchasing an additional 29 shares during the last quarter. Abbrea Capital LLC grew its holdings in Deere & Company by 3.1% during the third quarter. Abbrea Capital LLC now owns 998 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 30 shares during the last quarter. JNBA Financial Advisors grew its holdings in Deere & Company by 1.3% during the third quarter. JNBA Financial Advisors now owns 2,367 shares of the industrial products company’s stock valued at $790,000 after purchasing an additional 30 shares during the last quarter. Finally, MidWestOne Financial Group Inc. grew its holdings in Deere & Company by 0.3% during the third quarter. MidWestOne Financial Group Inc. now owns 8,973 shares of the industrial products company’s stock valued at $2,996,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 75.72% of the company’s stock.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $385.50 on Friday. Deere & Company has a twelve month low of $283.81 and a twelve month high of $448.40. The firm has a market cap of $114.23 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.04 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.76 and a current ratio of 2.07. The business has a fifty day moving average of $417.58 and a 200-day moving average of $403.13.

Deere & Company (NYSE:DE – Get Rating) last announced its earnings results on Friday, February 17th. The industrial products company reported $6.55 earnings per share for the quarter, beating analysts’ consensus estimates of $5.53 by $1.02. Deere & Company had a return on equity of 41.17% and a net margin of 14.71%. The company had revenue of $11.40 billion during the quarter, compared to analyst estimates of $11.14 billion. During the same period last year, the company posted $2.92 earnings per share. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. On average, equities research analysts predict that Deere & Company will post 30.58 EPS for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 8th. Investors of record on Friday, March 31st will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.30%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, March 30th. Deere & Company’s dividend payout ratio (DPR) is presently 17.80%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DE shares. Argus raised their price objective on shares of Deere & Company from $475.00 to $485.00 and gave the stock a “buy” rating in a research note on Tuesday, February 21st. Stifel Nicolaus raised their price objective on shares of Deere & Company from $475.00 to $477.00 and gave the stock a “buy” rating in a research note on Monday, December 19th. The Goldman Sachs Group raised their price objective on shares of Deere & Company from $420.00 to $462.00 and gave the stock a “buy” rating in a research note on Monday, November 28th. Credit Suisse Group raised their price objective on shares of Deere & Company from $447.00 to $582.00 and gave the stock an “outperform” rating in a research note on Friday, November 25th. Finally, Evercore ISI raised their target price on Deere & Company from $463.00 to $513.00 in a research report on Monday, November 28th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.81.

Deere & Company Profile

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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.