Bigelow Investment Advisors LLC Has $525,000 Stock Holdings in Deere & Company (NYSE:DE)

Bigelow Investment Advisors LLC reduced its holdings in shares of Deere & Company (NYSE:DE) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,313 shares of the industrial products company’s stock after selling 154 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in Deere & Company were worth $525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Essex Savings Bank boosted its holdings in Deere & Company by 0.5% during the fourth quarter. Essex Savings Bank now owns 5,367 shares of the industrial products company’s stock worth $2,146,000 after purchasing an additional 26 shares during the last quarter. Valley National Advisers Inc. boosted its stake in shares of Deere & Company by 1.5% in the 4th quarter. Valley National Advisers Inc. now owns 1,879 shares of the industrial products company’s stock worth $751,000 after buying an additional 27 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Deere & Company by 0.5% in the fourth quarter. Bleakley Financial Group LLC now owns 5,158 shares of the industrial products company’s stock valued at $2,063,000 after acquiring an additional 27 shares in the last quarter. Simplicity Solutions LLC increased its position in shares of Deere & Company by 0.5% during the fourth quarter. Simplicity Solutions LLC now owns 5,158 shares of the industrial products company’s stock valued at $2,063,000 after acquiring an additional 27 shares during the last quarter. Finally, Liberty One Investment Management LLC lifted its holdings in Deere & Company by 0.5% during the fourth quarter. Liberty One Investment Management LLC now owns 6,016 shares of the industrial products company’s stock worth $2,579,000 after acquiring an additional 27 shares during the period. 68.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DE. JPMorgan Chase & Co. upped their price objective on Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Morgan Stanley initiated coverage on shares of Deere & Company in a research report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price objective on the stock. Citigroup dropped their target price on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Evercore ISI raised their price target on shares of Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company dropped their price objective on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Ten equities research 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.com, the company has a consensus rating of “Hold” and an average price target of $433.28.

Deere & Company Price Performance

Deere & Company stock traded down $0.28 during mid-day trading on Friday, hitting $400.32. 1,117,231 shares of the company traded hands, compared to its average volume of 1,496,160. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. Deere & Company has a one year low of $345.55 and a one year high of $450.00. The stock has a market cap of $111.43 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.04. The stock has a fifty day moving average price of $385.47 and a 200-day moving average price of $382.79.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. The company had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm’s revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.55 EPS. On average, equities analysts predict that Deere & Company will post 27.39 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio is currently 17.12%.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.