D.A. Davidson & CO. Boosts Holdings in Deere & Company (NYSE:DE)

D.A. Davidson & CO. lifted its position in shares of Deere & Company (NYSE:DE - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,317 shares of the industrial products company's stock after acquiring an additional 1,112 shares during the quarter. D.A. Davidson & CO.'s holdings in Deere & Company were worth $32,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Pineridge Advisors LLC raised its position 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 acquiring an additional 26 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of Deere & Company during the 4th quarter worth approximately $32,000. Livelsberger Financial Advisory purchased a new position in shares of Deere & Company during the 3rd quarter worth approximately $32,000. YANKCOM Partnership acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $34,000. Finally, Synergy Asset Management LLC purchased a new stake in Deere & Company in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DE shares. Evercore ISI raised their price target on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research report on Wednesday. Citigroup lifted their price objective on Deere & Company from $430.00 to $480.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Jefferies Financial Group downgraded shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. UBS Group raised their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Finally, Barclays boosted their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $454.65.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction on 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 sale, the insider now directly owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is currently owned by insiders.

Deere & Company Trading Down 1.2 %

Shares of DE stock traded down $5.81 on Friday, reaching $489.98. 1,102,183 shares of the stock were exchanged, compared to its average volume of 1,465,614. 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 stock has a market cap of $133.45 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. The firm has a 50 day moving average of $452.07 and a two-hundred day moving average of $420.91. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05.

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

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, December 31st. This is an increase from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio is 28.72%.

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.