World Investment Advisors lifted its stake in shares of Deere & Company (NYSE:DE – Free Report) by 59.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,403 shares of the industrial products company’s stock after acquiring an additional 1,268 shares during the period. World Investment Advisors’ holdings in Deere & Company were worth $1,584,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Strategic Advocates LLC acquired a new stake in Deere & Company in the 3rd quarter worth approximately $25,000. Key Capital Management INC acquired a new position in Deere & Company during the fourth quarter valued at approximately $27,000. Timmons Wealth Management LLC acquired a new position in Deere & Company during the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $30,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Deere & Company in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.
Deere & Company Stock Performance
Shares of NYSE DE opened at $590.37 on Friday. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19. The company has a market cap of $159.36 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.18 and a beta of 0.92. The business’s 50 day moving average is $573.71 and its two-hundred day moving average is $552.66. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54.
Deere & Company Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. Deere & Company’s dividend payout ratio is 36.71%.
Wall Street Analysts Forecast Growth
DE has been the subject of a number of analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $752.00 price objective on shares of Deere & Company in a research note on Monday, June 1st. Raymond James Financial lowered their target price on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Jefferies Financial Group upgraded shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 target price on the stock in a report on Wednesday, April 8th. Morgan Stanley boosted their target price on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, Oppenheimer restated an “outperform” rating and set a $680.00 price target (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and an average price target of $639.58.
Get Our Latest Stock Report on Deere & Company
Deere & Company Profile
Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.
The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.
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