Hamilton Point Investment Advisors LLC Has $10.65 Million Position in Deere & Company (NYSE:DE)

Hamilton Point Investment Advisors LLC boosted its position in shares of Deere & Company (NYSE:DE) by 0.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,039 shares of the industrial products company’s stock after purchasing an additional 186 shares during the quarter. Deere & Company makes up approximately 1.9% of Hamilton Point Investment Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Hamilton Point Investment Advisors LLC’s holdings in Deere & Company were worth $10,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DE. Modus Advisors LLC acquired a new position in Deere & Company in the fourth quarter valued at about $32,000. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company during the third quarter worth $32,000. Synergy Asset Management LLC bought a new stake in shares of Deere & Company in the fourth quarter valued at about $35,000. Continuum Advisory LLC boosted its position in Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of Deere & Company during the 3rd quarter worth approximately $47,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DE shares. Oppenheimer increased their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a report on Friday, December 6th. Morgan Stanley lifted 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. Barclays raised their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Citigroup cut their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. 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 stock presently has a consensus rating of “Hold” and an average price target of $444.50.

Deere & Company Trading Up 0.4 %

Shares of Deere & Company stock opened at $479.91 on Friday. The firm’s 50 day moving average is $444.09 and its 200 day moving average is $409.10. The firm has a market capitalization of $130.70 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 2.95 and a beta of 0.98. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84. 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 posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. During the same quarter in the previous year, the firm posted $8.26 earnings per share. The company’s revenue was down 32.8% on a year-over-year basis. Equities research analysts forecast that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is currently 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.