Virtu Financial LLC bought a new stake in Deere & Company (NYSE:DE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,416 shares of the industrial products company's stock, valued at approximately $3,989,000.
Several other institutional investors have also recently bought and sold shares of the company. Pineridge Advisors LLC boosted its stake in shares of 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 buying an additional 26 shares during the last quarter. Modus Advisors LLC bought a new stake in Deere & Company during the fourth quarter worth about $32,000. YANKCOM Partnership acquired a new position in Deere & Company during the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC bought a new position in Deere & Company in the fourth quarter valued at approximately $35,000. Finally, Continuum Advisory LLC increased its position in shares of 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 during the last quarter. Institutional investors own 68.58% of the company's stock.
Insider Activity at Deere & Company
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction on 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.
Deere & Company Price Performance
Shares of DE stock traded down $0.26 during trading on Tuesday, hitting $479.70. The company had a trading volume of 808,216 shares, compared to its average volume of 1,358,539. The firm has a market capitalization of $130.20 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The stock's 50-day moving average price is $475.21 and its 200 day moving average price is $438.25.
Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Equities analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.
Deere & Company Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders 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 dividend yield of 1.35%. Deere & Company's dividend payout ratio (DPR) is currently 28.72%.
Analyst Ratings Changes
Several research firms have recently commented on DE. Jefferies Financial Group downgraded Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a report on Friday, December 6th. Oppenheimer lifted their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Evercore ISI raised their target price on shares of Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Finally, Morgan Stanley upped their price objective on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Deere & Company has a consensus rating of "Hold" and a consensus target price of $460.00.
View Our Latest Stock Report on DE
About Deere & Company
(
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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