AXQ Capital LP acquired a new position in shares of Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 690 shares of the industrial products company's stock, valued at approximately $292,000.
Other institutional investors also recently bought and sold shares of the company. Pineridge Advisors LLC lifted its holdings 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 during the period. Modus Advisors LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth $32,000. YANKCOM Partnership acquired a new stake in shares of Deere & Company in the 4th quarter worth $34,000. Synergy Asset Management LLC purchased a new stake in shares of Deere & Company in the fourth quarter valued at about $35,000. Finally, Continuum Advisory LLC increased 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 worth $43,000 after acquiring an additional 67 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Deere & Company
In related news, insider Rajesh Kalathur sold 24,580 shares of the firm'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 value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company's stock.
Deere & Company Price Performance
Deere & Company stock traded down $3.93 during midday trading on Thursday, reaching $479.69. 1,193,176 shares of the company were exchanged, compared to its average volume of 1,356,858. The firm's 50-day simple moving average is $476.30 and its 200-day simple moving average is $438.57. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05. The company has a market capitalization of $130.19 billion, a price-to-earnings ratio of 21.26, 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 quick ratio of 1.98 and a current ratio of 2.22.
Deere & Company (NYSE:DE - Get Free Report) last issued 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%. On average, analysts anticipate 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 issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is 28.72%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on DE shares. StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. Oppenheimer upped their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Truist Financial reiterated a "buy" rating and issued a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Robert W. Baird restated a "neutral" rating and set a $501.00 target price on shares of Deere & Company in a research report on Monday, March 3rd. Finally, Evercore ISI increased their price target on shares of Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $460.00.
Read Our Latest Research Report 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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