UniSuper Management Pty Ltd increased its position in shares of Deere & Company (NYSE:DE - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,790 shares of the industrial products company's stock after acquiring an additional 1,513 shares during the period. UniSuper Management Pty Ltd's holdings in Deere & Company were worth $46,094,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pineridge Advisors LLC lifted its stake in Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Deere & Company during the 4th quarter valued at $32,000. YANKCOM Partnership bought a new stake in shares of Deere & Company during the 4th quarter worth $34,000. Synergy Asset Management LLC bought a new stake in shares of Deere & Company during the 4th quarter worth $35,000. Finally, Sierra Ocean LLC acquired a new position in shares of Deere & Company in the 4th quarter worth $44,000. 68.58% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Deere & Company
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm'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 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.29% of the company's stock.
Analyst Upgrades and Downgrades
DE has been the subject of a number of research analyst reports. Jefferies Financial Group cut shares of 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. Robert W. Baird restated a "neutral" rating and issued a $501.00 price objective on shares of Deere & Company in a report on Monday, March 3rd. Evercore ISI raised 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. StockNews.com upgraded Deere & Company from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Citigroup raised their price target on Deere & Company from $430.00 to $480.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Fourteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Deere & Company has an average rating of "Hold" and an average target price of $460.00.
Read Our Latest Stock Analysis on Deere & Company
Deere & Company Trading Up 0.1 %
Deere & Company stock traded up $0.33 during mid-day trading on Monday, hitting $464.02. 469,812 shares of the company's stock were exchanged, compared to its average volume of 1,397,135. The company's 50 day simple moving average is $477.28 and its 200-day simple moving average is $440.12. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $125.94 billion, a P/E ratio of 20.55, 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 announced its quarterly 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 net margin of 12.94% and a return on equity of 27.31%. On average, equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is 28.72%.
About Deere & Company
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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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