L.M. Kohn & Company Has $950,000 Stock Position in Deere & Company (NYSE:DE)

L.M. Kohn & Company trimmed its stake in Deere & Company (NYSE:DE) by 14.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,241 shares of the industrial products company’s stock after selling 383 shares during the period. L.M. Kohn & Company’s holdings in Deere & Company were worth $950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Csenge Advisory Group grew its position in Deere & Company by 5.4% during the fourth quarter. Csenge Advisory Group now owns 2,580 shares of the industrial products company’s stock worth $1,093,000 after buying an additional 132 shares in the last quarter. J.P. Marvel Investment Advisors LLC grew its holdings in shares of Deere & Company by 2.7% during the 4th quarter. J.P. Marvel Investment Advisors LLC now owns 27,784 shares of the industrial products company’s stock worth $11,772,000 after purchasing an additional 740 shares in the last quarter. Secured Retirement Advisors LLC acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $1,094,000. Strategic Financial Concepts LLC boosted its stake in Deere & Company by 16.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 783 shares of the industrial products company’s stock worth $332,000 after buying an additional 110 shares in the last quarter. Finally, Amarillo National Bank boosted its stake in Deere & Company by 1.9% during the fourth quarter. Amarillo National Bank now owns 2,114 shares of the industrial products company’s stock worth $896,000 after buying an additional 40 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. Citigroup boosted their price target on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday. Barclays boosted their price target on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Morgan Stanley boosted their target price on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $448.72.

Deere & Company Trading Up 3.0 %

DE opened at $480.17 on Friday. The firm has a market cap of $130.77 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. Deere & Company has a twelve month low of $340.20 and a twelve month high of $485.84. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The firm’s fifty day moving average is $446.95 and its two-hundred day moving average is $416.21.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Equities research analysts anticipate that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date was Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.