Schnieders Capital Management LLC Acquires 74 Shares of Deere & Company (NYSE:DE)

Schnieders Capital Management LLC boosted its stake in shares of Deere & Company (NYSE:DE) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,290 shares of the industrial products company’s stock after purchasing an additional 74 shares during the period. Schnieders Capital Management LLC’s holdings in Deere & Company were worth $2,915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DE. International Assets Investment Management LLC increased its position in shares of Deere & Company by 46,241.1% during the fourth quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock valued at $336,142,000 after acquiring an additional 838,813 shares in the last quarter. FMR LLC increased its holdings in shares of Deere & Company by 6.6% in the 3rd quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock worth $1,650,767,000 after purchasing an additional 269,571 shares in the last quarter. Quadrature Capital Ltd increased its holdings in shares of Deere & Company by 94.0% in the 3rd quarter. Quadrature Capital Ltd now owns 301,396 shares of the industrial products company’s stock worth $113,759,000 after purchasing an additional 146,069 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Deere & Company in the 4th quarter worth $43,384,000. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Deere & Company in the 3rd quarter worth $38,876,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of NYSE:DE traded down $2.32 during mid-day trading on Tuesday, reaching $397.29. 1,277,979 shares of the company traded hands, compared to its average volume of 1,487,179. The company’s 50 day moving average price is $386.42 and its 200-day moving average price is $383.39. The firm has a market cap of $110.59 billion, a PE ratio of 11.57, a PEG ratio of 1.50 and a beta of 1.04. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81.

Deere & Company (NYSE:DE) last announced 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 firm had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $6.55 earnings per share. On average, equities analysts expect that Deere & Company will post 27.4 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a yield of 1.48%. Deere & Company’s dividend payout ratio is presently 17.12%.

Wall Street Analysts Forecast Growth

DE has been the subject of several research analyst reports. Evercore ISI lifted their price objective on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Wells Fargo & Company reduced their price target on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $433.28.

Deere & Company 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.