Callan Family Office LLC Buys Shares of 2,338 Deere & Company (NYSE:DE)

Callan Family Office LLC acquired a new position in Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,338 shares of the industrial products company's stock, valued at approximately $991,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pineridge Advisors LLC raised its position 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 position 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 bought a new position in Deere & Company during the 4th quarter valued at approximately $35,000. Finally, Sierra Ocean LLC bought a new position in Deere & Company during the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Price Performance

Shares of Deere & Company stock traded up $16.89 during trading hours on Friday, hitting $499.73. The company's stock had a trading volume of 2,615,248 shares, compared to its average volume of 1,513,524. The business has a 50 day moving average price of $461.21 and a two-hundred day moving average price of $429.83. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The company has a market cap of $135.63 billion, a PE ratio of 22.15, a PEG 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.

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

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.30%. Deere & Company's dividend payout ratio (DPR) is 28.72%.

Insider Transactions at Deere & Company

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 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 of the company's stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DE shares. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Oppenheimer raised their price objective on Deere & Company from $477.00 to $507.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Jefferies Financial Group lowered Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a research report on Friday, December 6th. Truist Financial reaffirmed a "buy" rating and set a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $501.00 price objective on shares of Deere & Company in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $457.22.

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.