Savvy Advisors Inc. Grows Stake in Deere & Company (NYSE:DE)

Savvy Advisors Inc. boosted its stake in shares of Deere & Company (NYSE:DE - Free Report) by 325.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,513 shares of the industrial products company's stock after acquiring an additional 1,923 shares during the period. Savvy Advisors Inc.'s holdings in Deere & Company were worth $1,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. M&T Bank Corp grew its holdings in Deere & Company by 4.0% during the 3rd quarter. M&T Bank Corp now owns 170,325 shares of the industrial products company's stock valued at $71,081,000 after buying an additional 6,520 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in Deere & Company by 6.6% during the third quarter. SkyView Investment Advisors LLC now owns 1,098 shares of the industrial products company's stock valued at $458,000 after purchasing an additional 68 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in shares of Deere & Company by 13.9% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 9,879 shares of the industrial products company's stock worth $4,131,000 after buying an additional 1,205 shares in the last quarter. Arvest Bank Trust Division purchased a new stake in Deere & Company during the third quarter valued at approximately $1,252,000. Finally, Wilmington Savings Fund Society FSB raised its holdings in Deere & Company by 162.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,563 shares of the industrial products company's stock valued at $8,999,000 after buying an additional 13,334 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Insider Transactions at Deere & Company

In related 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 value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Deere & Company Trading Down 0.1 %

DE stock traded down $0.36 during trading on Friday, reaching $452.06. 1,044,813 shares of the stock were exchanged, compared to its average volume of 1,426,699. The firm has a market capitalization of $122.70 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.14 and a beta of 1.00. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The business has a 50 day moving average price of $470.23 and a 200-day moving average price of $444.28. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping 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%. On average, 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. 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 dividend on an annualized basis and a yield of 1.43%. Deere & Company's dividend payout ratio (DPR) is presently 28.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DE. UBS Group cut their target price on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Oppenheimer boosted their target price on shares of Deere & Company from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. 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 note on Wednesday. Argus set a $510.00 price target on shares of Deere & Company in a report on Friday, March 7th. Finally, Evercore ISI lifted their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. One equities 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $459.89.

Deere & Company 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.