ExodusPoint Capital Management LP acquired a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,325 shares of the industrial products company's stock, valued at approximately $5,646,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in DE. Norges Bank purchased a new position in shares of Deere & Company in the 4th quarter worth approximately $1,244,094,000. Raymond James Financial Inc. bought a new stake in Deere & Company during the fourth quarter worth $296,232,000. Proficio Capital Partners LLC boosted its position in Deere & Company by 52,200.3% in the fourth quarter. Proficio Capital Partners LLC now owns 530,848 shares of the industrial products company's stock worth $224,920,000 after purchasing an additional 529,833 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new position in Deere & Company in the 4th quarter valued at $148,359,000. Finally, Strategic Financial Concepts LLC increased its position in shares of Deere & Company by 41,841.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 282,269 shares of the industrial products company's stock valued at $119,597,000 after purchasing an additional 281,596 shares during the last quarter. 68.58% of the stock is owned by institutional investors.
Insider Activity at Deere & Company
In related news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction dated 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 owns 74,878 shares in the company, valued at $37,484,675.58. The trade was 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 owned by insiders.
Deere & Company Price Performance
Shares of DE stock traded down $17.21 on Thursday, reaching $435.38. The company's stock had a trading volume of 583,304 shares, compared to its average volume of 1,430,423. The company has a market capitalization of $118.17 billion, a P/E ratio of 19.23, 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 $471.63 and its 200-day simple moving average is $442.69. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping 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 predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Dividend Announcement
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 paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.49%. Deere & Company's dividend payout ratio (DPR) is 28.72%.
Analysts Set New Price Targets
Several research firms recently weighed in on DE. Baird R W lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. StockNews.com cut shares of Deere & Company from a "hold" rating to a "sell" rating in a report on Sunday. UBS Group reduced their price objective on Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a report on Monday. Finally, Evercore ISI boosted their target price on Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Deere & Company has a consensus rating of "Hold" and an average price target of $457.26.
View Our Latest Report on DE
Deere & Company Company Profile
(
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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