Tokio Marine Asset Management Co. Ltd. Buys 238 Shares of Deere & Company (NYSE:DE)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Deere & Company (NYSE:DE) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,293 shares of the industrial products company’s stock after purchasing an additional 238 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Deere & Company were worth $3,090,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company in the third quarter valued at $32,000. Modus Advisors LLC purchased a new stake in Deere & Company in the 4th quarter worth about $32,000. Synergy Asset Management LLC bought a new stake in Deere & Company in the fourth quarter worth about $35,000. Continuum Advisory LLC boosted its position 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 period. Finally, Darwin Wealth Management LLC bought a new position in shares of Deere & Company during the third quarter valued at approximately $47,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.8 %

Shares of Deere & Company stock opened at $476.29 on Monday. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The company has a market cap of $129.72 billion, a P/E ratio of 18.61, a PEG ratio of 2.95 and a beta of 0.98. The firm’s 50 day moving average price is $444.68 and its 200-day moving average price is $410.05. Deere & Company has a 52-week low of $340.20 and a 52-week high of $485.84.

Deere & Company (NYSE:DE) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the prior year, the business posted $8.26 EPS. The business’s revenue for the quarter was down 32.8% compared to the same quarter last year. On average, sell-side analysts predict that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.36%. The ex-dividend date is Tuesday, December 31st. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s payout ratio is currently 25.31%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DE shares. Citigroup decreased their price target on Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. 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 note on Friday, November 22nd. Morgan Stanley upped their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Oppenheimer lifted their price target on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $444.50.

About Deere & Company

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.