Homestead Advisers Corp increased its holdings in Deere & Company (NYSE:DE - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,100 shares of the industrial products company's stock after acquiring an additional 8,100 shares during the quarter. Deere & Company comprises about 2.2% of Homestead Advisers Corp's investment portfolio, making the stock its 14th biggest holding. Homestead Advisers Corp owned about 0.08% of Deere & Company worth $92,833,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Pineridge Advisors LLC boosted its stake 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 in the last quarter. Modus Advisors LLC bought a new position in shares of Deere & Company in the fourth quarter worth approximately $32,000. YANKCOM Partnership purchased a new stake in shares of Deere & Company during the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC bought a new stake in shares of Deere & Company during the fourth quarter valued at approximately $35,000. Finally, Continuum Advisory LLC raised its holdings in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after acquiring an additional 67 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on DE shares. Jefferies Financial Group lowered Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price for the company. in a report on Friday, December 6th. Baird R W downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Argus set a $510.00 target price on shares of Deere & Company in a research note on Friday, March 7th. Robert W. Baird reiterated a "neutral" rating and issued a $501.00 price target on shares of Deere & Company in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their price objective 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. Fourteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $460.00.
Get Our Latest Analysis on DE
Deere & Company Price Performance
Shares of DE traded up $1.55 during trading hours on Monday, reaching $465.24. 510,986 shares of the stock traded hands, compared to its average volume of 1,397,229. The company has a market cap of $126.27 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The company's 50-day moving average price is $477.28 and its two-hundred day moving average price is $440.12. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data 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 return on equity of 27.31% and a net margin of 12.94%. On average, 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 given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's payout ratio is currently 28.72%.
Insider Activity
In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company's stock.
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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