Moloney Securities Asset Management LLC Boosts Stake in Deere & Company (DE)

Moloney Securities Asset Management LLC lifted its position in Deere & Company (NYSE:DE) by 10.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,294 shares of the industrial products company’s stock after purchasing an additional 222 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Deere & Company were worth $367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Destination Wealth Management boosted its holdings in Deere & Company by 20,500.0% during the 4th quarter. Destination Wealth Management now owns 206 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 205 shares during the period. Ellis Investment Partners LLC purchased a new stake in Deere & Company during the 1st quarter valued at about $33,000. Oregon Public Employees Retirement Fund boosted its holdings in Deere & Company by 14,550.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,214,983 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 5,179,386 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in Deere & Company by 155.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 238 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 145 shares during the period. Finally, Athena Capital Advisors LLC purchased a new stake in Deere & Company during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 68.43% of the company’s stock.

Several equities research analysts recently weighed in on DE shares. Barclays restated a “buy” rating and set a $180.00 target price on shares of Deere & Company in a report on Tuesday, February 19th. Citigroup dropped their target price on Deere & Company from $185.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, February 19th. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a report on Thursday, February 14th. Argus increased their target price on Deere & Company to $175.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. Finally, DZ Bank cut Deere & Company from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. Deere & Company currently has a consensus rating of “Hold” and an average target price of $179.43.

DE opened at $156.05 on Friday. The company has a market cap of $49.52 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.63 and a beta of 0.90. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.98 and a quick ratio of 1.68. Deere & Company has a one year low of $128.32 and a one year high of $169.99.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Friday, February 15th. The industrial products company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.22). The business had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $6.83 billion. Deere & Company had a net margin of 8.85% and a return on equity of 28.83%. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 EPS. Equities research analysts forecast that Deere & Company will post 11.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Friday, March 29th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, March 28th. Deere & Company’s payout ratio is 32.37%.

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Deere & Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

See Also: Net Income

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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