Jump Financial LLC Acquires New Holdings in Deere & Company (NYSE:DE)

Jump Financial LLC bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,845 shares of the industrial products company's stock, valued at approximately $2,053,000.

Other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp boosted its position in Deere & Company by 4.0% during the third quarter. M&T Bank Corp now owns 170,325 shares of the industrial products company's stock worth $71,081,000 after purchasing an additional 6,520 shares during the period. SkyView Investment Advisors LLC boosted its position in shares of Deere & Company by 6.6% in the third quarter. SkyView Investment Advisors LLC now owns 1,098 shares of the industrial products company's stock valued at $458,000 after acquiring an additional 68 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in shares of Deere & Company by 13.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,879 shares of the industrial products company's stock valued at $4,131,000 after acquiring an additional 1,205 shares during the period. Arvest Bank Trust Division bought a new position in shares of Deere & Company in the third quarter valued at approximately $1,252,000. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Deere & Company by 162.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 21,563 shares of the industrial products company's stock valued at $8,999,000 after acquiring an additional 13,334 shares during the period. Institutional investors own 68.58% of the company's stock.

Insider Activity

In other news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the sale, the insider now owns 74,878 shares of the company's stock, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.29% of the company's stock.

Deere & Company Stock Up 1.8 %

NYSE DE traded up $8.33 on Thursday, reaching $464.77. 202,007 shares of the stock traded hands, compared to its average volume of 1,418,740. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The company has a fifty day moving average price of $468.39 and a 200-day moving average price of $445.35. The company has a market cap of $126.14 billion, a price-to-earnings ratio of 20.57, 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.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating 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%. As a group, research analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.39%. Deere & Company's payout ratio is presently 28.72%.

Analyst Ratings Changes

Several equities research analysts have issued reports on DE shares. Evercore ISI lifted their target price 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. 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 research note on Monday, February 10th. Morgan Stanley lifted their price target on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Oppenheimer raised their target price on shares of Deere & Company from $510.00 to $513.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Argus set a $510.00 target price on shares of Deere & Company in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Deere & Company presently has an average rating of "Hold" and an average target price of $460.21.

Deere & Company Profile

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.