Crowley Wealth Management Inc. Takes $690,000 Position in Deere & Company (NYSE:DE)

Crowley Wealth Management Inc. bought a new stake in 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 fund bought 1,628 shares of the industrial products company's stock, valued at approximately $690,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Everence Capital Management Inc. increased its stake in shares of Deere & Company by 148.3% in the 4th quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock valued at $5,179,000 after acquiring an additional 7,300 shares in the last quarter. Stockbridge Partners LLC increased its stake in Deere & Company by 157.5% in the third quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock valued at $369,019,000 after purchasing an additional 540,874 shares in the last quarter. Compass Financial Services Inc acquired a new position in shares of Deere & Company during the fourth quarter valued at about $254,000. Toronto Dominion Bank raised its holdings in shares of Deere & Company by 1.5% during the third quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company's stock valued at $36,288,000 after purchasing an additional 1,291 shares during the period. Finally, Czech National Bank boosted its position in shares of Deere & Company by 5.7% during the 4th quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock worth $23,376,000 after purchasing an additional 2,964 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently weighed in on DE. Oppenheimer upped their price target on Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Evercore ISI upped their target price on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. increased their target price on Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. StockNews.com lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Finally, Jefferies Financial Group lowered shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective on the stock. in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $460.00.

Deere & Company Stock Performance

Shares of Deere & Company stock traded down $3.93 during trading hours on Thursday, hitting $479.69. 1,193,176 shares of the company's stock traded hands, compared to its average volume of 1,356,109. The stock has a market capitalization of $130.19 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.14 and a beta of 1.01. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. 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 company has a fifty day simple moving average of $477.11 and a 200-day simple moving average of $438.85.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (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%. Equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders 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 yield of 1.35%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is 28.72%.

Insiders Place Their Bets

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company'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 sale, the insider now directly owns 74,878 shares of the company's stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.29% of the company's stock.

About Deere & Company

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.