MGO One Seven LLC Boosts Stock Position in Deere & Company (NYSE:DE)

MGO One Seven LLC boosted its stake in Deere & Company (NYSE:DE - Free Report) by 28.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,884 shares of the industrial products company's stock after purchasing an additional 861 shares during the period. MGO One Seven LLC's holdings in Deere & Company were worth $1,646,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DE. SkyView Investment Advisors LLC boosted its stake in shares of Deere & Company by 6.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,098 shares of the industrial products company's stock valued at $458,000 after purchasing an additional 68 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Deere & Company by 13.9% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,879 shares of the industrial products company's stock valued at $4,131,000 after buying an additional 1,205 shares during the last quarter. Arvest Bank Trust Division purchased a new position in shares of Deere & Company during the third quarter valued at approximately $1,252,000. Wilmington Savings Fund Society FSB lifted its position in shares of Deere & Company by 162.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 21,563 shares of the industrial products company's stock valued at $8,999,000 after purchasing an additional 13,334 shares in the last quarter. Finally, Tidal Investments LLC increased its position in shares of Deere & Company by 56.3% during the third quarter. Tidal Investments LLC now owns 38,689 shares of the industrial products company's stock valued at $16,146,000 after acquiring an additional 13,934 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Performance

Shares of DE traded up $1.34 on Monday, reaching $460.64. The company's stock had a trading volume of 755,055 shares, compared to its average volume of 1,420,562. 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 $125.02 billion, a P/E ratio of 20.42, a PEG ratio of 2.14 and a beta of 1.00. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The stock's 50 day simple moving average is $467.21 and its two-hundred day simple moving average is $446.72.

Deere & Company (NYSE:DE - Get Free Report) last announced 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%. Research analysts forecast that Deere & Company will post 19.32 earnings per share 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. Stockholders of record on Monday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.41%. Deere & Company's payout ratio is 28.72%.

Analysts Set New Price Targets

A number of research firms have issued reports on DE. Citigroup decreased their target price on Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Argus set a $510.00 target price on shares of Deere & Company in a research report on Friday, March 7th. Morgan Stanley lifted their target price on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. StockNews.com cut shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. Finally, Oppenheimer lifted their price objective on Deere & Company from $510.00 to $513.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Deere & Company has a consensus rating of "Hold" and an average target price of $460.21.

Insider Activity

In related news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company 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 of the company's stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.