Deere & Company (NYSE:DE) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its stake in shares of Deere & Company (NYSE:DE - Free Report) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,832 shares of the industrial products company's stock after purchasing an additional 1,137 shares during the period. Integrated Wealth Concepts LLC's holdings in Deere & Company were worth $3,742,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pineridge Advisors LLC raised its stake in Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 26 shares during the period. Modus Advisors LLC acquired a new position in Deere & Company during the fourth 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 acquired a new stake in Deere & Company during the 4th quarter worth about $35,000. Finally, Sierra Ocean LLC purchased a new position in Deere & Company during the 4th quarter valued at about $44,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DE has been the subject of several research reports. Evercore ISI raised their price target on shares of Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. StockNews.com lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Sunday, April 6th. Baird R W cut shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Oppenheimer increased their price objective on Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley boosted 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. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Deere & Company presently has an average rating of "Hold" and a consensus price target of $460.21.

Deere & Company Stock Performance

Shares of DE opened at $458.92 on Friday. The company has a market capitalization of $124.56 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The company's fifty day moving average price is $467.21 and its 200 day moving average price is $446.44.

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, topping analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.41%. Deere & Company's dividend payout ratio is 28.72%.

Insider Transactions at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.

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.

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