Burns J W & Co. Inc. NY Sells 461 Shares of Deere & Company (NYSE:DE)

Burns J W & Co. Inc. NY cut its stake in Deere & Company (NYSE:DE) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,675 shares of the industrial products company’s stock after selling 461 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Deere & Company were worth $7,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Everence Capital Management Inc. raised its holdings in shares of Deere & Company by 148.3% during the fourth quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company’s stock worth $5,179,000 after acquiring an additional 7,300 shares during the period. Stockbridge Partners LLC raised its stake in shares of Deere & Company by 157.5% in the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company’s stock valued at $369,019,000 after purchasing an additional 540,874 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Deere & Company by 1.5% in the third quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company’s stock valued at $36,288,000 after purchasing an additional 1,291 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Deere & Company by 20.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock worth $5,906,000 after buying an additional 2,692 shares during the period. Finally, Chase Investment Counsel Corp grew its holdings in shares of Deere & Company by 53.8% during the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the industrial products company’s stock worth $1,669,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

DE has been the topic of several research reports. Barclays boosted their target price on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. UBS Group increased their price target on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Oppenheimer boosted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. boosted their price target on Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, Citigroup increased their price target on Deere & Company from $460.00 to $470.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Deere & Company presently has a consensus rating of “Hold” and a consensus target price of $443.94.

Deere & Company Price Performance

DE stock traded up $21.60 during midday trading on Monday, reaching $430.17. The company had a trading volume of 1,961,407 shares, compared to its average volume of 1,245,429. The company has a market capitalization of $117.69 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39. The stock has a 50 day moving average price of $427.99 and a 200-day moving average price of $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 (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter last year, the business posted $8.26 EPS. The firm’s revenue for the quarter was down 32.8% on a year-over-year basis. Equities research analysts expect that Deere & Company will post 19.41 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.51%. Deere & Company’s dividend payout ratio (DPR) is 22.97%.

Deere & Company 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.