Burns J W & Co. Inc. NY Has $7.07 Million Stock Holdings in Deere & Company (NYSE:DE)

Burns J W & Co. Inc. NY trimmed its holdings in shares of Deere & Company (NYSE:DE) by 2.7% during the fourth quarter, according to its most recent 13F 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.

Several other large investors have also recently modified their holdings of DE. Fairscale Capital LLC acquired a new position in Deere & Company in the second quarter valued at $26,000. Livelsberger Financial Advisory acquired a new position in Deere & Company during the 3rd quarter valued at about $32,000. Modus Advisors LLC bought a new stake in Deere & Company during the 4th quarter worth approximately $32,000. Centennial Bank AR raised its stake in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 84 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DE. JPMorgan Chase & Co. raised their price objective on Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. UBS Group increased their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Barclays upped their target price on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research report on Friday, December 6th. Finally, Oppenheimer lifted their target price on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Deere & Company presently has an average rating of “Hold” and an average price target of $443.94.

Deere & Company Price Performance

Shares of DE traded up $21.60 during midday trading on Monday, hitting $430.17. 1,961,407 shares of the company traded hands, compared to its average volume of 1,245,429. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The firm has a market cap of $117.69 billion, a P/E ratio of 16.80, a PEG 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. The stock has a 50-day moving average of $427.99 and a 200-day moving average of $400.08.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business’s quarterly revenue was down 32.8% compared to the same quarter last year. During the same period last year, the firm earned $8.26 EPS. As a group, sell-side analysts predict that Deere & Company will post 19.41 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.51%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. 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.