Capital International Inc. CA increased its stake in Deere & Company (NYSE:DE - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,008 shares of the industrial products company's stock after purchasing an additional 3,984 shares during the quarter. Capital International Inc. CA's holdings in Deere & Company were worth $9,325,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in DE. Pineridge Advisors LLC increased its stake in 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 during the last quarter. Modus Advisors LLC purchased a new stake in Deere & Company during the 4th quarter valued at $32,000. YANKCOM Partnership purchased a new stake in Deere & Company in the 4th quarter worth about $34,000. Synergy Asset Management LLC bought a new position in Deere & Company in the 4th quarter valued at $35,000. Finally, Sierra Ocean LLC purchased a new position in Deere & Company in the 4th quarter worth about $44,000. Institutional investors own 68.58% of the company's stock.
Deere & Company Trading Up 0.5 %
Shares of Deere & Company stock traded up $2.26 on Wednesday, reaching $456.92. The company had a trading volume of 1,025,225 shares, compared to its average volume of 1,423,503. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05. The firm's 50 day moving average price is $468.85 and its two-hundred day moving average price is $445.27. The firm has a market cap of $124.01 billion, a PE ratio of 20.25, a PEG ratio of 2.14 and a beta of 1.00. 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 posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Sell-side analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's payout ratio is 28.72%.
Analysts Set New Price Targets
A number of research analysts have commented on DE shares. Evercore ISI raised their target price on shares of Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Morgan Stanley lifted their target price on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Oppenheimer increased their price target on shares of Deere & Company from $510.00 to $513.00 and gave the company an "outperform" rating in a research report on Tuesday. StockNews.com downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. Finally, Argus set a $510.00 target price on shares of Deere & Company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $460.21.
View Our Latest Report on DE
Insider Buying and Selling
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is owned by company insiders.
Deere & 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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