Argentarii LLC acquired a new position in shares of Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 548 shares of the industrial products company's stock, valued at approximately $232,000.
A number of other hedge funds have also modified their holdings of DE. Pineridge Advisors LLC lifted its position in shares of Deere & Company by 60.5% in the 4th 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 acquired a new stake in Deere & Company during the 4th quarter valued at $32,000. YANKCOM Partnership purchased a new stake in shares of Deere & Company in the fourth quarter valued at $34,000. Synergy Asset Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter worth $35,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Deere & Company in the fourth quarter worth $44,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Deere & Company Stock Performance
Deere & Company stock traded down $10.93 on Monday, reaching $488.69. 2,173,454 shares of the stock were exchanged, compared to its average volume of 1,528,201. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The stock has a market cap of $132.64 billion, a PE ratio of 21.66, a PEG ratio of 2.14 and a beta of 1.01. The firm has a fifty day moving average price of $462.49 and a two-hundred day moving average price of $430.99.
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 (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current year.
Deere & Company Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders 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 dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio is presently 28.72%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on DE shares. Jefferies Financial Group downgraded Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a research note on Friday, December 6th. Morgan Stanley increased their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Truist Financial reaffirmed a "buy" rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Citigroup increased their target price on shares of Deere & Company from $430.00 to $480.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, Argus set a $510.00 price target on shares of Deere & Company in a report on Friday. One 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $460.00.
Get Our Latest Report on Deere & Company
Insider Activity at Deere & Company
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the transaction, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.
About Deere & Company
(
Free Report)
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.
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