Quinn Opportunity Partners LLC lessened its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 28.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,501 shares of the industrial products company's stock after selling 5,900 shares during the quarter. Quinn Opportunity Partners LLC's holdings in Deere & Company were worth $6,144,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of DE. Pineridge Advisors LLC grew its position 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 buying an additional 26 shares in the last quarter. Modus Advisors LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $32,000. YANKCOM Partnership acquired a new position in shares of Deere & Company during the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC bought a new stake in Deere & Company during the fourth quarter worth approximately $35,000. Finally, Continuum Advisory LLC lifted its position in Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after purchasing an additional 67 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.
Deere & Company Stock Performance
Shares of DE stock traded down $6.36 during trading on Tuesday, reaching $461.31. The company had a trading volume of 1,143,015 shares, compared to its average volume of 1,431,354. The company has a market capitalization of $125.21 billion, a PE ratio of 20.45, a PEG ratio of 2.14 and a beta of 1.00. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The firm's 50 day simple moving average is $470.92 and its two-hundred day simple moving average is $443.86. Deere & Company has a one year low of $340.20 and a one year high of $515.05.
Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (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%. Sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.40%. Deere & Company's dividend payout ratio (DPR) is currently 28.72%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Baird R W downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Argus set a $510.00 price objective on Deere & Company in a research report on Friday, March 7th. Evercore ISI boosted their price target on shares of Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Finally, StockNews.com cut shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $457.26.
Get Our Latest Stock Report on DE
Insiders Place Their Bets
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm'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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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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