World Investment Advisors Has $1.58 Million Stock Position in Deere & Company $DE

World Investment Advisors lifted its position in Deere & Company (NYSE:DE) by 59.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,403 shares of the industrial products company’s stock after acquiring an additional 1,268 shares during the period. World Investment Advisors’ holdings in Deere & Company were worth $1,584,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Strategic Advocates LLC acquired a new position in Deere & Company in the 3rd quarter worth approximately $25,000. Key Capital Management INC acquired a new stake in Deere & Company during the 4th quarter valued at $27,000. Timmons Wealth Management LLC acquired a new stake in Deere & Company during the 4th quarter valued at $29,000. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company in the fourth quarter valued at $30,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Deere & Company in the third quarter valued at $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Raymond James Financial lowered their price target on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Wolfe Research increased their price objective on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Barclays raised their price objective on Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Morgan Stanley lifted their target price on Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, Argus upped their target price on Deere & Company from $540.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $639.58.

Deere & Company Stock Up 0.2%

DE opened at $590.37 on Friday. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The business has a 50-day moving average of $573.71 and a 200-day moving average of $552.66. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The company has a market capitalization of $159.36 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The business had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter in the previous year, the business posted $6.64 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts forecast that Deere & Company will post 18.13 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s payout ratio is currently 36.71%.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.