1,884 Shares in Deere & Company (NYSE:DE) Bought by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. acquired a new position in shares of Deere & Company (NYSE:DE) in the fourth quarter, Holdings Channel reports. The fund acquired 1,884 shares of the industrial products company’s stock, valued at approximately $753,000.

Other hedge funds have also made changes to their positions in the company. Briaud Financial Planning Inc bought a new position in shares of Deere & Company in the 3rd quarter worth $25,000. Rakuten Securities Inc. bought a new stake in shares of Deere & Company in the fourth quarter worth $28,000. Naples Money Management LLC bought a new stake in Deere & Company during the fourth quarter worth $29,000. Bfsg LLC bought a new stake in Deere & Company during the fourth quarter worth $30,000. Finally, ZRC Wealth Management LLC acquired a new position in shares of Deere & Company in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of DE stock traded down $0.15 during trading on Wednesday, hitting $405.42. The company had a trading volume of 631,775 shares, compared to its average volume of 1,451,880. 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 stock’s 50-day moving average is $393.13 and its two-hundred day moving average is $384.23. The stock has a market capitalization of $112.85 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. During the same period last year, the business earned $6.55 earnings per share. The business’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, analysts predict that Deere & Company will post 27.37 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s payout ratio is currently 17.12%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Evercore ISI upped their price target on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Stifel Nicolaus dropped their price objective on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Wells Fargo & Company decreased their target price on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $433.28.

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.