Deere & Company (NYSE:DE) Position Boosted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its stake in Deere & Company (NYSE:DE - Free Report) by 16.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,142 shares of the industrial products company's stock after purchasing an additional 1,979 shares during the period. Atria Wealth Solutions Inc.'s holdings in Deere & Company were worth $5,998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Wellington Management Group LLP grew its stake in shares of Deere & Company by 32.0% in the third quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock valued at $3,068,404,000 after buying an additional 1,782,984 shares in the last quarter. FMR LLC boosted its holdings in Deere & Company by 27.8% during the 3rd quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock valued at $1,895,518,000 after acquiring an additional 988,380 shares during the period. Pathway Financial Advisers LLC grew its position in Deere & Company by 53,338.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company's stock valued at $356,602,000 after acquiring an additional 852,885 shares in the last quarter. International Assets Investment Management LLC grew its position in Deere & Company by 46,892.9% in the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock valued at $322,218,000 after acquiring an additional 770,451 shares in the last quarter. Finally, Stockbridge Partners LLC increased its stake in Deere & Company by 157.5% during the third quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock worth $369,019,000 after purchasing an additional 540,874 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.

Insider Activity at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DE shares. Jefferies Financial Group lowered shares of 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 objective on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Barclays boosted their target price on Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. UBS Group increased their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Finally, Evercore ISI raised their price target on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $454.65.

Deere & Company Stock Down 1.6 %

Shares of DE traded down $8.16 during midday trading on Friday, reaching $487.63. 560,763 shares of the company were exchanged, compared to its average volume of 1,448,671. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The stock has a 50-day moving average price of $451.08 and a 200-day moving average price of $419.90. 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 company has a market cap of $132.81 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 2.20 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS 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%. Research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were paid a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.33%. Deere & Company's dividend payout ratio is 28.72%.

Deere & Company Profile

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.