Deere & Company (NYSE:DE) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV lowered its holdings in Deere & Company (NYSE:DE) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 520 shares of the industrial products company’s stock after selling 120 shares during the quarter. Forte Capital LLC ADV’s holdings in Deere & Company were worth $208,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of Deere & Company by 46,241.1% in the fourth quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock valued at $336,142,000 after buying an additional 838,813 shares in the last quarter. FMR LLC increased its position in shares of Deere & Company by 6.6% in the third quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock valued at $1,650,767,000 after buying an additional 269,571 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Deere & Company by 11.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,480,725 shares of the industrial products company’s stock valued at $592,098,000 after buying an additional 149,980 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of Deere & Company by 94.0% in the third quarter. Quadrature Capital Ltd now owns 301,396 shares of the industrial products company’s stock valued at $113,759,000 after buying an additional 146,069 shares in the last quarter. Finally, Ceredex Value Advisors LLC purchased a new position in shares of Deere & Company in the fourth quarter valued at $43,384,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of recent research reports. Evercore ISI lifted 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 dropped 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. Morgan Stanley initiated coverage on Deere & Company in a research report on Monday, January 8th. They set an “overweight” rating and a $430.00 price objective for the company. Melius cut Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $433.28.

Deere & Company Stock Up 1.3 %

DE stock traded up $5.00 during midday trading on Friday, hitting $400.96. 1,626,960 shares of the company’s stock were exchanged, compared to its average volume of 1,337,641. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $111.61 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04. The firm has a 50 day moving average price of $391.45 and a 200-day moving average price of $383.91.

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

Deere & Company Dividend Announcement

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

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.