Napatree Capital LLC Purchases New Stake in Deere & Company (NYSE:DE)

Napatree Capital LLC purchased a new position in shares of Deere & Company (NYSE:DE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 706 shares of the industrial products company's stock, valued at approximately $299,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in Deere & Company by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock valued at $3,068,404,000 after buying an additional 1,782,984 shares in the last quarter. FMR LLC increased its holdings in shares of Deere & Company by 27.8% during the third quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock worth $1,895,518,000 after buying an additional 988,380 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $296,232,000. Stockbridge Partners LLC boosted its holdings in shares of Deere & Company by 157.5% in the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock worth $369,019,000 after acquiring an additional 540,874 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its position in Deere & Company by 52,200.3% during the 4th quarter. Proficio Capital Partners LLC now owns 530,848 shares of the industrial products company's stock worth $224,920,000 after acquiring an additional 529,833 shares during the last quarter. Institutional investors own 68.58% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have commented on DE. Robert W. Baird reissued a "neutral" rating and issued a $501.00 price objective on shares of Deere & Company in a research note on Monday, March 3rd. StockNews.com downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Citigroup increased their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Baird R W lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Argus set a $510.00 target price on shares of Deere & Company in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $460.00.

Deere & Company Stock Down 0.8 %

NYSE:DE traded down $3.93 during trading hours on Thursday, reaching $479.69. 1,193,176 shares of the stock were exchanged, compared to its average volume of 1,356,109. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The stock has a market cap of $130.19 billion, a PE ratio of 21.26, a PEG ratio of 2.14 and a beta of 1.01. The firm has a 50 day moving average of $477.11 and a 200 day moving average of $438.85.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating 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%. On average, equities analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders 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 1.35%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is 28.72%.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.29% of the company's stock.

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.