NEOS Investment Management LLC Buys 4,081 Shares of Deere & Company (NYSE:DE)

NEOS Investment Management LLC raised its position in Deere & Company (NYSE:DE - Free Report) by 32.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,495 shares of the industrial products company's stock after purchasing an additional 4,081 shares during the quarter. NEOS Investment Management LLC's holdings in Deere & Company were worth $6,989,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DE. Wellington Management Group LLP raised its holdings in shares of Deere & Company by 32.0% in the third quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock valued at $3,068,404,000 after purchasing an additional 1,782,984 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Deere & Company in the 4th quarter valued at $296,232,000. Stockbridge Partners LLC lifted its position in Deere & Company by 157.5% during the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock worth $369,019,000 after buying an additional 540,874 shares in the last quarter. Proficio Capital Partners LLC lifted its position in Deere & Company by 52,200.3% during the 4th quarter. Proficio Capital Partners LLC now owns 530,848 shares of the industrial products company's stock worth $224,920,000 after buying an additional 529,833 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC acquired a new position in shares of Deere & Company during the 4th quarter worth about $148,359,000. 68.58% of the stock is currently owned by institutional investors.

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Deere & Company Stock Up 1.8 %

DE traded up $8.48 during trading on Tuesday, hitting $477.83. 298,013 shares of the company's stock were exchanged, compared to its average volume of 1,396,999. 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 business's 50 day moving average is $477.56 and its two-hundred day moving average is $440.70. The stock has a market cap of $129.69 billion, a P/E ratio of 21.17, a PEG ratio of 2.14 and a beta of 1.01. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.36%. Deere & Company's dividend payout ratio is currently 28.72%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. upped 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. Oppenheimer increased their price objective on Deere & Company from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Robert W. Baird restated a "neutral" rating and issued a $501.00 target price on shares of Deere & Company in a research report on Monday, March 3rd. Argus set a $510.00 price objective on shares of Deere & Company in a research note on Friday, March 7th. Finally, Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Fourteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $460.00.

Insider Activity at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the transaction, the insider now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is owned by insiders.

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.