Financial Engines Advisors L.L.C. reduced its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 53.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,594 shares of the industrial products company's stock after selling 1,825 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in Deere & Company were worth $675,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Morey & Quinn Wealth Partners LLC bought a new stake in Deere & Company during the fourth quarter worth about $1,033,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Deere & Company in the 4th quarter valued at approximately $878,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Deere & Company by 0.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 178,456 shares of the industrial products company's stock valued at $75,612,000 after buying an additional 1,234 shares in the last quarter. Ashton Thomas Securities LLC increased its holdings in Deere & Company by 10.0% during the fourth quarter. Ashton Thomas Securities LLC now owns 747 shares of the industrial products company's stock worth $317,000 after buying an additional 68 shares during the last quarter. Finally, Modern Wealth Management LLC lifted its stake in Deere & Company by 5.1% in the 4th quarter. Modern Wealth Management LLC now owns 3,779 shares of the industrial products company's stock valued at $1,776,000 after purchasing an additional 184 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Deere & Company Trading Up 1.9 %
DE traded up $9.07 during trading on Tuesday, reaching $478.42. 1,251,729 shares of the stock traded hands, compared to its average volume of 1,400,847. 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's 50-day moving average is $477.87 and its 200 day moving average is $441.29. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The stock has a market capitalization of $129.85 billion, a PE ratio of 21.21, a P/E/G ratio of 2.14 and a beta of 1.01.
Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 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%. Equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid 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 1.35%. Deere & Company's dividend payout ratio is currently 28.72%.
Insider Activity at Deere & Company
In related news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
DE has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Citigroup boosted their price target on Deere & Company from $430.00 to $480.00 and gave the company a "neutral" rating in a research note 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 objective on the stock. in a research note on Friday, December 6th. Oppenheimer boosted their price target on Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Argus set a $510.00 price target on shares of Deere & Company in a report on Friday, March 7th. Fourteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $460.00.
Read Our Latest Stock Report on Deere & Company
Deere & Company Profile
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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.
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