Fidelis Capital Partners LLC Raises Position in Deere & Company (NYSE:DE)

Fidelis Capital Partners LLC grew its holdings in shares of Deere & Company (NYSE:DE) by 30.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,436 shares of the industrial products company’s stock after acquiring an additional 573 shares during the period. Fidelis Capital Partners LLC’s holdings in Deere & Company were worth $974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its holdings in Deere & Company by 104,373.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,219,883 shares of the industrial products company’s stock valued at $1,380,557,000 after purchasing an additional 3,216,801 shares in the last quarter. Norges Bank purchased a new position in shares of Deere & Company during the 4th quarter valued at $1,326,177,000. International Assets Investment Management LLC lifted its stake in shares of Deere & Company by 46,241.1% during the 4th quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock valued at $336,142,000 after buying an additional 838,813 shares in the last quarter. Morgan Stanley boosted its holdings in Deere & Company by 13.8% in the 4th quarter. Morgan Stanley now owns 4,576,183 shares of the industrial products company’s stock worth $1,962,085,000 after buying an additional 554,133 shares during the period. Finally, First Trust Advisors LP increased its stake in Deere & Company by 561.5% in the 1st quarter. First Trust Advisors LP now owns 531,339 shares of the industrial products company’s stock worth $219,379,000 after buying an additional 451,019 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Trading Up 1.0 %

DE traded up $3.99 during trading on Thursday, reaching $400.87. The company had a trading volume of 1,562,911 shares, compared to its average volume of 1,501,047. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The business has a 50 day simple moving average of $385.17 and a 200-day simple moving average of $382.66. The stock has a market cap of $111.59 billion, a P/E ratio of 11.68, a PEG ratio of 1.48 and a beta of 1.04. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00.

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

Deere & Company Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DE shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Melius cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Melius Research restated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, Citigroup dropped their price objective on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Deere & Company 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.