Hershey Financial Advisers LLC purchased a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,010 shares of the industrial products company's stock, valued at approximately $1,699,000. Deere & Company comprises about 1.5% of Hershey Financial Advisers LLC's portfolio, making the stock its 25th largest position.
Other large investors have also recently modified their holdings of the company. Pineridge Advisors LLC boosted its holdings in Deere & Company by 60.5% in the fourth 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 during the last quarter. Modus Advisors LLC bought a new position in Deere & Company during the 4th quarter worth approximately $32,000. YANKCOM Partnership acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $34,000. Synergy Asset Management LLC bought a new stake in Deere & Company during the fourth quarter valued at $35,000. Finally, Sierra Ocean LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at about $44,000. Institutional investors own 68.58% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently commented on DE. Evercore ISI raised their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Oppenheimer upped their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Robert W. Baird reiterated a "neutral" rating and issued a $501.00 price target on shares of Deere & Company in a report on Monday, March 3rd. Finally, Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Deere & Company currently has an average rating of "Hold" and an average price target of $460.00.
Get Our Latest Research Report on Deere & Company
Insider Transactions at Deere & Company
In other news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction 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 transaction, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This 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 this hyperlink. 0.29% of the stock is currently owned by company insiders.
Deere & Company Stock Performance
DE stock traded down $0.26 during midday trading on Tuesday, hitting $479.70. The company's stock had a trading volume of 808,216 shares, compared to its average volume of 1,360,837. The stock has a market cap of $130.20 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.14 and a beta of 1.01. 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 price is $475.21 and its 200 day moving average price is $438.25. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. On average, equities analysts forecast that Deere & Company will post 19.32 EPS for the current year.
Deere & Company Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio is currently 28.72%.
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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