Deere & Company (NYSE:DE) Stock Holdings Cut by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC decreased its position in Deere & Company (NYSE:DE) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,163 shares of the industrial products company’s stock after selling 625 shares during the quarter. Deere & Company comprises approximately 1.9% of Cutler Investment Counsel LLC’s holdings, making the stock its 17th largest position. Cutler Investment Counsel LLC’s holdings in Deere & Company were worth $14,955,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Pineridge Advisors LLC raised its position in Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after buying an additional 26 shares during the period. Modus Advisors LLC acquired a new stake in shares of Deere & Company in the 4th quarter valued at $32,000. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company in the third quarter worth about $32,000. YANKCOM Partnership bought a new stake in shares of Deere & Company during the 4th quarter worth about $34,000. Finally, Synergy Asset Management LLC acquired a new position in Deere & Company during the fourth quarter valued at approximately $35,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Trading Up 3.0 %

Shares of NYSE DE opened at $480.17 on Monday. Deere & Company has a 1-year low of $340.20 and a 1-year high of $485.84. The company has a 50-day moving average of $446.95 and a two-hundred day moving average of $416.52. The company has a market cap of $130.77 billion, a PE ratio of 18.76, a P/E/G ratio of 2.87 and a beta of 0.98. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. As a group, equities analysts expect that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on DE. Citigroup lifted their price objective on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research report on Friday, December 6th. Oppenheimer upped their target price on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. UBS Group lifted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, Barclays increased their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $450.12.

Deere & 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.