Capital Investment Advisors LLC Has $29.34 Million Holdings in Deere & Company (NYSE:DE)

Capital Investment Advisors LLC raised its position in shares of Deere & Company (NYSE:DE) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,238 shares of the industrial products company’s stock after buying an additional 2,525 shares during the quarter. Capital Investment Advisors LLC’s holdings in Deere & Company were worth $29,336,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fairscale Capital LLC acquired a new position in Deere & Company in the second quarter worth about $26,000. Livelsberger Financial Advisory acquired a new position in shares of Deere & Company during the third quarter valued at $32,000. Modus Advisors LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $32,000. Centennial Bank AR boosted its position in shares of Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 84 shares in the last quarter. Finally, Continuum Advisory LLC lifted its holdings in shares of Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of DE traded up $16.12 during midday trading on Monday, hitting $424.69. The company’s stock had a trading volume of 598,433 shares, compared to its average volume of 1,029,830. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The stock has a market capitalization of $116.20 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company’s fifty day simple moving average is $427.99 and its two-hundred day simple moving average is $400.08.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm’s quarterly revenue was down 32.8% compared to the same quarter last year. During the same period last year, the company posted $8.26 EPS. As a group, equities analysts expect that Deere & Company will post 19.41 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Tuesday, December 31st. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is presently 22.97%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DE. Citigroup upped their price objective on Deere & Company from $460.00 to $470.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Truist Financial increased their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Oppenheimer upped their target price on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. UBS Group upped their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, Barclays upped their price target 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. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $443.94.

Deere & 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.