Deere & Company (NYSE:DE) Shares Bought by Schear Investment Advisers LLC

Schear Investment Advisers LLC grew its stake in shares of Deere & Company (NYSE:DE) by 4.5% during the fourth quarter, Holdings Channel reports. The firm owned 2,351 shares of the industrial products company’s stock after purchasing an additional 102 shares during the period. Schear Investment Advisers LLC’s holdings in Deere & Company were worth $996,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of Deere & Company during the 3rd quarter worth $177,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Deere & Company by 75.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 971 shares of the industrial products company’s stock worth $405,000 after buying an additional 418 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Deere & Company in the third quarter valued at approximately $55,000. Wedge Capital Management L L P NC purchased a new position in shares of Deere & Company during the third quarter valued at approximately $4,728,000. Finally, Harrington Investments INC boosted its position in Deere & Company by 0.7% during the third quarter. Harrington Investments INC now owns 4,743 shares of the industrial products company’s stock worth $1,979,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DE. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a research note on Friday, December 6th. UBS Group increased their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Citigroup dropped their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Oppenheimer boosted their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Eleven equities 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, Deere & Company presently has a consensus rating of “Hold” and a consensus target price of $446.17.

Deere & Company Trading Up 1.0 %

Shares of DE stock opened at $474.79 on Wednesday. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84. The firm has a market capitalization of $129.31 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. The stock has a fifty day moving average of $445.15 and a two-hundred day moving average of $414.08. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s quarterly revenue was down 32.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.26 earnings per share. As a group, research analysts expect that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were issued a $1.62 dividend. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.36%. Deere & Company’s dividend payout ratio is 25.31%.

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.