Steigerwald Gordon & Koch Inc. Sells 979 Shares of Deere & Company (NYSE:DE)

Steigerwald Gordon & Koch Inc. trimmed its stake in Deere & Company (NYSE:DE) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,668 shares of the industrial products company’s stock after selling 979 shares during the quarter. Deere & Company comprises about 2.7% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 10th biggest position. Steigerwald Gordon & Koch Inc.’s holdings in Deere & Company were worth $24,010,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fairscale Capital LLC bought a new position in shares of Deere & Company in the 2nd quarter worth $26,000. Livelsberger Financial Advisory bought a new stake in Deere & Company during the 3rd quarter valued at $32,000. Modus Advisors LLC acquired a new position in Deere & Company during the fourth quarter worth $32,000. Centennial Bank AR lifted its stake in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after buying an additional 84 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in shares of Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Price Performance

Shares of NYSE DE opened at $456.57 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The stock has a fifty day simple moving average of $431.48 and a two-hundred day simple moving average of $401.99. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39. The firm has a market cap of $124.00 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping 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 company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the prior year, the company earned $8.26 EPS. The firm’s quarterly revenue was down 32.8% compared to the same quarter last year. Analysts anticipate that Deere & Company will post 19.57 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Tuesday, December 31st. Deere & Company’s dividend payout ratio is presently 25.31%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DE. UBS Group upped their target price 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. Jefferies Financial Group lowered 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. JPMorgan Chase & Co. lifted their target price on Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Wednesday. Oppenheimer increased their price target on Deere & Company from $448.00 to $477.00 and gave the company an “outperform” 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 on the stock in a report on Tuesday, January 14th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $442.83.

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.