Avantax Planning Partners Inc. lifted its holdings in Deere & Company (NYSE:DE - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,143 shares of the industrial products company's stock after acquiring an additional 1,134 shares during the period. Avantax Planning Partners Inc.'s holdings in Deere & Company were worth $8,535,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Pineridge Advisors LLC raised its stake 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 during the period. Modus Advisors LLC bought a new stake in Deere & Company in the fourth quarter worth about $32,000. YANKCOM Partnership purchased a new position in shares of Deere & Company during the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC purchased a new position in shares of Deere & Company during the fourth quarter valued at approximately $35,000. Finally, Continuum Advisory LLC grew its stake 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 valued at $43,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on DE shares. Morgan Stanley boosted their price objective on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, November 25th. StockNews.com cut shares of Deere & Company from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. UBS Group raised their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Argus set a $510.00 price objective on shares of Deere & Company in a research report on Friday, March 7th. Finally, Oppenheimer upped their target price on shares of Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $460.00.
Read Our Latest Stock Analysis on DE
Deere & Company Stock Down 0.7 %
Shares of DE stock traded down $3.14 during mid-day trading on Wednesday, hitting $472.36. 1,135,802 shares of the stock traded hands, compared to its average volume of 1,518,129. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05. The stock has a market cap of $128.20 billion, a P/E ratio of 21.01, a P/E/G ratio of 2.14 and a beta of 1.01. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The stock's fifty day moving average is $463.53 and its two-hundred day moving average is $431.66.
Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results 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 net margin of 12.94% and a return on equity of 27.31%. Equities analysts predict that Deere & Company will post 19.32 EPS for the current year.
Deere & Company Announces Dividend
The firm 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 $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.37%. Deere & Company's payout ratio is 28.72%.
Insider Buying and Selling
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by company insiders.
Deere & Company Company Profile
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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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