Trek Financial LLC grew its stake in shares of Deere & Company (NYSE:DE - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,459 shares of the industrial products company's stock after buying an additional 649 shares during the period. Trek Financial LLC's holdings in Deere & Company were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Pineridge Advisors LLC increased its stake in Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after purchasing an additional 26 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of Deere & Company during the fourth quarter worth $32,000. YANKCOM Partnership bought a new stake in Deere & Company in the 4th quarter valued at $34,000. Synergy Asset Management LLC acquired a new position in Deere & Company in the 4th quarter worth $35,000. Finally, Continuum Advisory LLC increased its holdings in Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after purchasing an additional 67 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on DE shares. StockNews.com cut Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. UBS Group decreased their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Truist Financial restated a "buy" rating and set a $546.00 target price (down previously from $550.00) on shares of Deere & Company 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 research note on Monday, March 3rd. Finally, Argus set a $510.00 price objective on shares of Deere & Company in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $457.26.
Check Out Our Latest Report on DE
Deere & Company Stock Performance
Shares of DE stock traded up $15.56 on Friday, hitting $459.75. The company's stock had a trading volume of 1,245,049 shares, compared to its average volume of 1,434,904. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $515.05. The company has a market capitalization of $124.78 billion, a PE ratio of 20.38, a PEG ratio of 2.14 and a beta of 1.00. The stock's 50 day moving average is $470.92 and its 200-day moving average is $443.29. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22.
Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results 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%. Equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.41%. Deere & Company's payout ratio is 28.72%.
Insider Buying and Selling
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 transaction of $12,304,993.80. Following the completion of the transaction, the insider now 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by company insiders.
Deere & Company 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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