Blueprint Investment Partners LLC acquired a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 877 shares of the industrial products company's stock, valued at approximately $372,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of DE. Pineridge Advisors LLC increased 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 worth $29,000 after acquiring an additional 26 shares during the period. Modus Advisors LLC purchased a new position in shares of Deere & Company in the fourth quarter valued at approximately $32,000. YANKCOM Partnership acquired a new stake in shares of Deere & Company in the fourth quarter worth approximately $34,000. Synergy Asset Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth approximately $35,000. Finally, Continuum Advisory LLC raised its stake in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 67 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DE has been the topic of a number of research reports. Argus set a $510.00 price target on Deere & Company in a research note on Friday, March 7th. Jefferies Financial Group cut Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price for the company. in a report on Friday, December 6th. StockNews.com lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Evercore ISI raised their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Finally, Citigroup increased their target price 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. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $460.00.
Get Our Latest Stock Report on DE
Insider Activity
In other news, insider Rajesh Kalathur sold 24,580 shares of the business'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 transaction of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by insiders.
Deere & Company Trading Down 0.3 %
Shares of Deere & Company stock traded down $1.27 during trading on Thursday, hitting $482.35. The stock had a trading volume of 447,044 shares, compared to its average volume of 1,353,948. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $130.92 billion, a PE ratio of 21.40, a P/E/G ratio of 2.14 and a beta of 1.01. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05. The stock has a 50 day simple moving average of $476.30 and a 200 day simple moving average of $438.57.
Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (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%. On average, research analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.
Deere & Company Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.34%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio is 28.72%.
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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