Baillie Gifford & Co. decreased its position in shares of Deere & Company (NYSE:DE - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 509,063 shares of the industrial products company's stock after selling 33,128 shares during the quarter. Baillie Gifford & Co. owned about 0.19% of Deere & Company worth $215,690,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in DE. Pineridge Advisors LLC increased its stake in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in Deere & Company in the 3rd quarter valued at $32,000. Modus Advisors LLC acquired a new stake in Deere & Company in the 4th quarter valued at $32,000. YANKCOM Partnership acquired a new stake in Deere & Company in the 4th quarter valued at $34,000. Finally, Synergy Asset Management LLC acquired a new stake in Deere & Company in the 4th quarter valued at $35,000. Institutional investors own 68.58% of the company's stock.
Insider Buying and Selling at Deere & Company
In related news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred 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 transaction, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.29% of the company's stock.
Deere & Company Stock Performance
Shares of NYSE DE traded down $12.99 during mid-day trading on Thursday, reaching $496.28. 1,514,537 shares of the company's stock were exchanged, compared to its average volume of 1,476,719. The firm has a market capitalization of $135.16 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week 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 firm has a 50-day moving average price of $449.95 and a two-hundred day moving average price of $419.37.
Deere & Company (NYSE:DE - Get Free Report) last released its earnings results 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%. Analysts predict that Deere & Company will post 19.3 EPS for the current year.
Deere & Company Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were paid a $1.62 dividend. This is a boost from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company's payout ratio is currently 28.72%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on DE. Oppenheimer lifted their price target on shares of Deere & Company from $477.00 to $507.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Citigroup lifted their price target on shares of Deere & Company from $430.00 to $480.00 and gave the company 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 price target for the company. in a research report on Friday, December 6th. Barclays lifted their price target 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. Finally, UBS Group lifted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $454.65.
View Our Latest Stock Analysis on DE
About Deere & Company
(
Free Report)
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.
Read More
Before you consider Deere & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.
While Deere & Company currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
