AssuredPartners Investment Advisors LLC purchased a new position in shares of Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,366 shares of the industrial products company's stock, valued at approximately $579,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Pineridge Advisors LLC increased its holdings in 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 purchasing an additional 26 shares during the period. Modus Advisors LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at about $32,000. YANKCOM Partnership bought a new stake in shares of Deere & Company in the 4th quarter valued at about $34,000. Synergy Asset Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $35,000. Finally, Continuum Advisory LLC raised 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 worth $43,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 68.58% of the company's stock.
Deere & Company Stock Performance
NYSE:DE traded up $8.48 during trading on Tuesday, reaching $477.83. The company's stock had a trading volume of 298,013 shares, compared to its average volume of 1,396,999. The firm has a 50 day moving average of $477.56 and a 200-day moving average of $440.70. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The firm has a market cap of $129.69 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05.
Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Research analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.
Deere & Company Dividend Announcement
The company also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.36%. Deere & Company's dividend payout ratio is presently 28.72%.
Insider Transactions at Deere & Company
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target 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. Oppenheimer raised their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Robert W. Baird reiterated a "neutral" rating and set a $501.00 target price on shares of Deere & Company in a research report on Monday, March 3rd. Argus set a $510.00 price target on shares of Deere & Company in a report on Friday, March 7th. Finally, StockNews.com upgraded shares of Deere & Company from a "sell" rating to a "hold" rating in a report on Saturday. Fourteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $460.00.
Get Our Latest Stock Report on Deere & Company
Deere & Company Profile
(
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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