Quantessence Capital LLC bought a new position in shares of Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,110 shares of the industrial products company's stock, valued at approximately $470,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Pineridge Advisors LLC raised 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 valued at $29,000 after acquiring an additional 26 shares during the period. Modus Advisors LLC purchased a new position in Deere & Company in the fourth quarter worth $32,000. YANKCOM Partnership purchased a new stake in Deere & Company in the fourth quarter worth approximately $34,000. Synergy Asset Management LLC purchased a new position in shares of Deere & Company in the fourth quarter worth about $35,000. Finally, Sierra Ocean LLC bought a new stake in Deere & Company during the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 68.58% of the company's stock.
Insider Buying and Selling at Deere & Company
In other news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction on 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.29% of the company's stock.
Deere & Company Trading Down 1.2 %
Shares of DE traded down $5.59 during mid-day trading on Friday, reaching $458.92. 983,357 shares of the company's stock traded hands, compared to its average volume of 1,421,535. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The stock has a market cap of $124.56 billion, a P/E ratio of 20.34, a P/E/G ratio of 2.14 and a beta of 1.00. The stock's 50-day moving average is $467.21 and its two-hundred day moving average is $446.16. 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 (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%. Research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.41%. Deere & Company's dividend payout ratio is currently 28.72%.
Wall Street Analysts Forecast Growth
DE has been the topic of several research analyst reports. Argus set a $510.00 price target on shares of Deere & Company in a research report on Friday, March 7th. Oppenheimer increased their target price on Deere & Company from $510.00 to $513.00 and gave the company an "outperform" rating in a research note on Tuesday. Citigroup dropped their target price on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. StockNews.com cut shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Sunday, April 6th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $460.21.
Get Our Latest Stock Analysis on DE
Deere & Company Profile
(
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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