Aviva PLC lifted its stake in Deere & Company (NYSE:DE - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,336 shares of the industrial products company's stock after purchasing an additional 17,860 shares during the period. Aviva PLC owned 0.06% of Deere & Company worth $66,240,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of DE. Pineridge Advisors LLC increased its stake 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 worth $29,000 after acquiring an additional 26 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of Deere & Company in the 4th quarter worth approximately $32,000. YANKCOM Partnership bought a new position in Deere & Company during the 4th quarter valued at approximately $34,000. Synergy Asset Management LLC purchased a new stake in shares of Deere & Company in the fourth quarter worth $35,000. Finally, Sierra Ocean LLC bought a new position in shares of Deere & Company during the fourth quarter valued at $44,000. 68.58% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
DE has been the subject of several recent analyst reports. Truist Financial reaffirmed a "buy" rating and issued a $546.00 target price (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Citigroup cut their target price on Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a research note on Tuesday. Oppenheimer boosted their price target on Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a report on Monday, February 10th. One investment 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $457.26.
Get Our Latest Stock Report on DE
Insider Buying and Selling at Deere & Company
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.29% of the company's stock.
Deere & Company Stock Performance
Shares of NYSE DE traded up $7.05 during trading on Friday, hitting $451.24. The company had a trading volume of 356,918 shares, compared to its average volume of 1,431,665. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The firm has a market capitalization of $122.47 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The stock has a 50 day simple moving average of $471.18 and a 200 day simple moving average of $442.92. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22.
Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (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%. As a group, analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.44%. Deere & Company's dividend payout ratio is presently 28.72%.
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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