Deere & Company (NYSE:DE) Shares Sold by Dohj LLC

Dohj LLC reduced its position in Deere & Company (NYSE:DE) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,892 shares of the industrial products company’s stock after selling 798 shares during the quarter. Dohj LLC’s holdings in Deere & Company were worth $1,556,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc acquired a new position in Deere & Company in the 3rd quarter valued at $25,000. ZRC Wealth Management LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth $28,000. Rakuten Securities Inc. acquired a new stake in shares of Deere & Company in the 4th quarter worth $28,000. Naples Money Management LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth $29,000. Finally, Bfsg LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth $30,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Evercore ISI raised their price objective on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Stifel Nicolaus cut their price objective on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Citigroup lowered their target price on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. Finally, Morgan Stanley began coverage on Deere & Company in a report on Monday, January 8th. They set an “overweight” rating and a $430.00 target price for the company. 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, the stock has an average rating of “Hold” and a consensus price target of $433.28.

Deere & Company Stock Performance

DE traded down $0.73 during trading on Friday, hitting $393.33. 998,338 shares of the stock were exchanged, compared to its average volume of 1,243,125. The firm has a market capitalization of $109.49 billion, a P/E ratio of 11.45, a PEG ratio of 1.48 and a beta of 1.04. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00. The stock has a fifty day moving average price of $387.86 and a two-hundred day moving average price of $383.56. 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 released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. The company had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.55 earnings per share. As a group, sell-side analysts predict that Deere & Company will post 27.37 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is 17.12%.

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.