AGP Franklin LLC Invests $544,000 in Deere & Company (NYSE:DE)

AGP Franklin LLC bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,285 shares of the industrial products company's stock, valued at approximately $544,000.

Several other institutional investors have also recently made changes to their positions in the company. Pineridge Advisors LLC grew its holdings in shares of Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. Modus Advisors LLC purchased a new position in Deere & Company in the fourth quarter worth $32,000. YANKCOM Partnership bought a new position in Deere & Company in the 4th quarter valued at $34,000. Synergy Asset Management LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at $35,000. Finally, Sierra Ocean LLC bought a new stake in shares of Deere & Company during the 4th quarter worth $44,000. Institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DE shares. JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Truist Financial reaffirmed a "buy" rating and issued a $546.00 price target (down previously from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Baird R W downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Citigroup decreased their target price on Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group dropped their price target on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Deere & Company currently has a consensus rating of "Hold" and an average price target of $459.89.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the transaction, the insider now owns 74,878 shares of the company's stock, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.29% of the company's stock.

Deere & Company Stock Down 0.1 %

Shares of NYSE DE traded down $0.36 during trading on Friday, reaching $452.06. The company had a trading volume of 1,044,813 shares, compared to its average volume of 1,427,362. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The business's 50-day moving average is $469.77 and its 200 day moving average is $444.72. The stock has a market cap of $122.70 billion, a PE ratio of 20.04, a P/E/G ratio of 2.14 and a beta of 1.00. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, equities analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is presently 28.72%.

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.