CogentBlue Wealth Advisors LLC Takes Position in Deere & Company (NYSE:DE)

CogentBlue Wealth Advisors LLC acquired a new stake in Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 534 shares of the industrial products company's stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pineridge Advisors LLC boosted its holdings in 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 buying an additional 26 shares in the last quarter. Modus Advisors LLC bought a new stake in Deere & Company during the fourth quarter worth approximately $32,000. YANKCOM Partnership bought a new stake in Deere & Company during the fourth quarter worth approximately $34,000. Synergy Asset Management LLC purchased a new stake in shares of Deere & Company in the 4th quarter valued at approximately $35,000. Finally, Continuum Advisory LLC lifted its position in shares of 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 acquiring an additional 67 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Performance

NYSE:DE traded down $6.13 during midday trading on Friday, reaching $489.66. The stock had a trading volume of 667,955 shares, compared to its average volume of 1,451,404. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The firm's fifty day simple moving average is $451.08 and its 200-day simple moving average is $419.90. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The stock has a market capitalization of $133.36 billion, a P/E ratio of 21.72, a PEG ratio of 2.20 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last posted 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 net margin of 12.94% and a return on equity of 27.31%. On average, equities research analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.32%. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company's dividend payout ratio (DPR) is currently 28.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DE shares. Morgan Stanley upped their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Evercore ISI upped their price target 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. Jefferies Financial Group downgraded shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price target for the company. in a research report on Friday, December 6th. StockNews.com downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Oppenheimer increased their target price on shares of Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Deere & Company has an average rating of "Hold" and an average price target of $454.65.

Insiders Place Their Bets

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction 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 in the company, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.29% of the company's stock.

Deere & Company 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.