Choreo LLC Has $3.20 Million Stock Position in Deere & Company (NYSE:DE)

Choreo LLC boosted its stake in Deere & Company (NYSE:DE) by 11.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,008 shares of the industrial products company’s stock after buying an additional 837 shares during the period. Choreo LLC’s holdings in Deere & Company were worth $3,202,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DE. Briaud Financial Planning Inc acquired a new position in shares of Deere & Company during the 3rd quarter worth approximately $25,000. Rakuten Securities Inc. acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $28,000. Naples Money Management LLC acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $29,000. Bfsg LLC acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $30,000. Finally, ZRC Wealth Management LLC acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 1.9 %

DE opened at $400.91 on Tuesday. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The company has a fifty day moving average of $388.66 and a 200-day moving average of $383.65. The stock has a market cap of $111.60 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. During the same period in the prior year, the company posted $6.55 earnings per share. Deere & Company’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, sell-side analysts predict that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s payout ratio is 17.12%.

Analysts Set New Price Targets

A number of research analysts have issued reports on DE shares. Stifel Nicolaus decreased their target price on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Citigroup decreased their target price on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Melius Research reiterated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.