Vise Technologies Inc. Acquires 795 Shares of Deere & Company (NYSE:DE)

Vise Technologies Inc. increased its position in Deere & Company (NYSE:DE) by 31.2% in the 4th quarter, HoldingsChannel reports. The fund owned 3,340 shares of the industrial products company’s stock after buying an additional 795 shares during the quarter. Vise Technologies Inc.’s holdings in Deere & Company were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Advisory LLC increased its holdings in Deere & Company by 7.5% in the 4th quarter. Cornerstone Advisory LLC now owns 717 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 50 shares in the last quarter. Orion Capital Management LLC purchased a new stake in Deere & Company during the 4th quarter valued at approximately $34,000. Novem Group purchased a new stake in Deere & Company during the 4th quarter valued at approximately $327,000. Taylor Hoffman Capital Management LLC grew its holdings in Deere & Company by 0.8% during the 4th quarter. Taylor Hoffman Capital Management LLC now owns 16,708 shares of the industrial products company’s stock valued at $7,079,000 after buying an additional 136 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Deere & Company by 13.9% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,772 shares of the industrial products company’s stock valued at $21,088,000 after buying an additional 6,086 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Trading Down 1.1%

DE stock opened at $509.83 on Friday. The firm has a fifty day moving average price of $472.60 and a 200 day moving average price of $458.36. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The firm has a market cap of $138.37 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. The company had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Deere & Company’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.53 earnings per share. Sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.27%. The ex-dividend date was Monday, March 31st. Deere & Company’s payout ratio is 31.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Deere & Company in a report on Thursday, May 15th. Baird R W lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Robert W. Baird increased their price objective on shares of Deere & Company from $501.00 to $514.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Truist Financial increased their price objective on shares of Deere & Company from $546.00 to $619.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, Raymond James increased their price objective on shares of Deere & Company from $530.00 to $560.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Deere & Company presently has an average rating of “Hold” and an average price target of $516.75.

About Deere & Company

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.