Carret Asset Management LLC Has $3.31 Million Stock Holdings in Deere & Company (NYSE:DE)

Carret Asset Management LLC grew its position in Deere & Company (NYSE:DE) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,267 shares of the industrial products company’s stock after purchasing an additional 72 shares during the period. Carret Asset Management LLC’s holdings in Deere & Company were worth $3,306,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Essex Savings Bank increased its stake in shares of Deere & Company by 0.5% in the 4th quarter. Essex Savings Bank now owns 5,367 shares of the industrial products company’s stock valued at $2,146,000 after acquiring an additional 26 shares during the last quarter. Valley National Advisers Inc. increased its stake in Deere & Company by 1.5% during the 4th quarter. Valley National Advisers Inc. now owns 1,879 shares of the industrial products company’s stock worth $751,000 after purchasing an additional 27 shares in the last quarter. Bleakley Financial Group LLC increased its stake in Deere & Company by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 5,158 shares of the industrial products company’s stock worth $2,063,000 after purchasing an additional 27 shares in the last quarter. Simplicity Solutions LLC increased its stake in Deere & Company by 0.5% during the 4th quarter. Simplicity Solutions LLC now owns 5,158 shares of the industrial products company’s stock worth $2,063,000 after purchasing an additional 27 shares in the last quarter. Finally, SageView Advisory Group LLC increased its stake in Deere & Company by 2.4% during the 3rd quarter. SageView Advisory Group LLC now owns 1,201 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of research reports. Melius Research reissued a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Wells Fargo & Company decreased 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. Citigroup decreased their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, February 16th. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target 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. Ten analysts have rated the stock with a hold rating and nine have given 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 Price Performance

Shares of NYSE DE traded down $2.59 during mid-day trading on Wednesday, reaching $394.62. The company’s stock had a trading volume of 944,407 shares, compared to its average volume of 1,480,431. The firm has a market capitalization of $109.85 billion, a PE ratio of 11.50, a P/E/G ratio of 1.50 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The stock has a fifty day moving average of $386.42 and a two-hundred day moving average of $383.39. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same period in the prior year, the business posted $6.55 earnings per share. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Deere & Company will post 27.37 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be given a $1.47 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.49%. Deere & Company’s payout ratio is 17.12%.

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.