Yousif Capital Management LLC Decreases Holdings in Deere & Company (NYSE:DE)

Yousif Capital Management LLC trimmed its holdings in shares of Deere & Company (NYSE:DE) by 2.6% in the fourth quarter, Holdings Channel reports. The firm owned 35,640 shares of the industrial products company’s stock after selling 968 shares during the period. Yousif Capital Management LLC’s holdings in Deere & Company were worth $15,101,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new position in Deere & Company in the 4th quarter worth $32,000. Livelsberger Financial Advisory acquired a new position in Deere & Company in the 3rd quarter worth $32,000. Synergy Asset Management LLC acquired a new position in Deere & Company in the 4th quarter worth $35,000. Continuum Advisory LLC lifted its holdings in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Deere & Company in the 3rd quarter worth $47,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Price Performance

Shares of NYSE:DE opened at $472.72 on Wednesday. The firm’s 50 day moving average is $444.77 and its two-hundred day moving average is $410.83. The firm has a market capitalization of $128.75 billion, a P/E ratio of 18.47, a PEG ratio of 2.94 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 has a 52 week low of $340.20 and a 52 week high of $485.84.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. During the same period last year, the firm earned $8.26 EPS. The firm’s revenue was down 32.8% compared to the same quarter last year. Analysts anticipate that Deere & Company will post 19.38 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a $1.62 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.37%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is presently 25.31%.

Analyst Ratings Changes

A number of equities analysts have commented on DE shares. UBS Group boosted their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Morgan Stanley boosted their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Oppenheimer upped their price objective on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $444.50.

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.