Haven Private LLC bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 635 shares of the industrial products company's stock, valued at approximately $269,000.
Other hedge funds also recently added to or reduced their stakes in the company. Pineridge Advisors LLC raised its holdings in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after purchasing an additional 26 shares during the period. Modus Advisors LLC purchased a new position in shares of Deere & Company in the fourth quarter valued at approximately $32,000. YANKCOM Partnership acquired a new stake in shares of Deere & Company in the fourth quarter worth approximately $34,000. Synergy Asset Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth approximately $35,000. Finally, Continuum Advisory LLC raised its stake in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 67 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the 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 completion of the sale, the insider now directly owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by company insiders.
Deere & Company Stock Performance
Shares of DE traded up $16.89 during midday trading on Friday, reaching $499.73. 2,615,248 shares of the stock were exchanged, compared to its average volume of 1,513,524. Deere & Company has a twelve month low of $340.20 and a twelve month 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 company has a market capitalization of $135.63 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.14 and a beta of 1.01. The business's 50-day moving average price is $461.21 and its 200 day moving average price is $429.83.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results 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 return on equity of 27.31% and a net margin of 12.94%. On average, sell-side analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.
Deere & Company Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.30%. Deere & Company's dividend payout ratio (DPR) is 28.72%.
Analysts Set New Price Targets
Several research firms have recently weighed in on DE. Oppenheimer raised their price target on shares of Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. StockNews.com downgraded Deere & Company from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Evercore ISI boosted their price target on shares of Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Truist Financial reiterated a "buy" rating and issued a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $501.00 price target on shares of Deere & Company in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $457.22.
Read Our Latest Research Report on DE
Deere & Company 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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