Visionary Horizons LLC Increases Holdings in Deere & Company (NYSE:DE)

Visionary Horizons LLC increased its stake in Deere & Company (NYSE:DE) by 9.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,527 shares of the industrial products company’s stock after buying an additional 131 shares during the quarter. Visionary Horizons LLC’s holdings in Deere & Company were worth $647,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in shares of Deere & Company during the 4th quarter worth $32,000. Livelsberger Financial Advisory purchased a new stake in Deere & Company during the third quarter valued at about $32,000. YANKCOM Partnership bought a new position in Deere & Company during the fourth quarter worth about $34,000. Synergy Asset Management LLC purchased a new position in shares of Deere & Company in the fourth quarter worth about $35,000. Finally, Continuum Advisory LLC raised its position in shares of Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the period. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the subject of several analyst reports. Oppenheimer raised 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. UBS Group boosted their price objective on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. Citigroup decreased their price target on Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Morgan Stanley raised their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $444.50.

Deere & Company Stock Performance

Shares of NYSE DE opened at $465.63 on Friday. The stock’s 50-day moving average is $445.00 and its 200 day moving average is $412.86. The stock has a market cap of $126.82 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 2.87 and a beta of 0.98. Deere & Company has a 1-year low of $340.20 and a 1-year high of $485.84. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last posted its quarterly 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. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same period last year, the firm posted $8.26 earnings per share. The business’s revenue was down 32.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.39%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company’s dividend payout ratio is presently 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.