Atlas Capital Advisors Inc. grew its position in shares of Deere & Company (NYSE:DE - Free Report) by 420.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,057 shares of the industrial products company's stock after acquiring an additional 5,700 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in Deere & Company were worth $2,990,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Pineridge Advisors LLC lifted its stake in shares of Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after purchasing an additional 26 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at about $32,000. YANKCOM Partnership acquired a new position in Deere & Company during the 4th quarter worth approximately $34,000. Synergy Asset Management LLC acquired a new stake in Deere & Company in the fourth quarter valued at approximately $35,000. Finally, Continuum Advisory LLC grew its position in Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 67 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.
Deere & Company Price Performance
NYSE:DE traded down $7.71 during trading hours on Monday, reaching $422.15. The company had a trading volume of 3,007,388 shares, compared to its average volume of 1,424,273. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The firm has a market capitalization of $114.58 billion, a PE ratio of 18.71, a PEG ratio of 2.14 and a beta of 1.00. The stock has a 50-day moving average of $476.55 and a two-hundred day moving average of $442.38. 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 announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's payout ratio is presently 28.72%.
Insider Activity
In related news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company 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 sale, the insider now owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages have commented on DE. Citigroup boosted their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Truist Financial reissued 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. Argus set a $510.00 price objective on Deere & Company in a report on Friday, March 7th. UBS Group reduced their target price on Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Robert W. Baird reissued a "neutral" rating and set a $501.00 price target on shares of Deere & Company in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of "Hold" and a consensus price target of $458.84.
Read Our Latest Analysis on Deere & Company
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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