Plancorp LLC acquired a new position in shares of Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 530 shares of the industrial products company's stock, valued at approximately $225,000.
Other hedge funds have also made changes to their positions in the company. Mizuho Securities USA LLC boosted its position in shares of Deere & Company by 45.1% in the 4th quarter. Mizuho Securities USA LLC now owns 24,116 shares of the industrial products company's stock valued at $10,218,000 after purchasing an additional 7,498 shares during the period. Virtu Financial LLC purchased a new position in shares of Deere & Company during the fourth quarter worth approximately $3,989,000. Millstone Evans Group LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $313,000. TD Private Client Wealth LLC raised its position in Deere & Company by 4.9% in the 4th quarter. TD Private Client Wealth LLC now owns 2,075 shares of the industrial products company's stock valued at $879,000 after purchasing an additional 96 shares during the last quarter. Finally, Gutierrez Wealth Advisory LLC acquired a new stake in Deere & Company during the 4th quarter worth $474,000. Hedge funds and other institutional investors own 68.58% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Oppenheimer upped their target price 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. Truist Financial reaffirmed a "buy" rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Robert W. Baird reaffirmed a "neutral" rating and set a $501.00 price objective on shares of Deere & Company in a research report on Monday, March 3rd. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group downgraded Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price target for the company. in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $460.00.
Check Out Our Latest Research Report on Deere & Company
Deere & Company Price Performance
DE stock traded down $0.26 during midday trading on Tuesday, hitting $479.70. 576,115 shares of the stock were exchanged, compared to its average volume of 1,359,819. The stock's 50-day moving average price is $474.26 and its 200-day moving average price is $437.56. 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 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. Deere & Company has a fifty-two week low of $340.20 and a fifty-two 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 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders 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 dividend yield of 1.35%. Deere & Company's dividend payout ratio is presently 28.72%.
Insider Transactions at Deere & Company
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the transaction, the insider now owns 74,878 shares in the company, 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. Corporate 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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