Aptus Capital Advisors LLC grew its holdings in Deere & Company (NYSE:DE - Free Report) by 26.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,477 shares of the industrial products company's stock after purchasing an additional 6,942 shares during the quarter. Aptus Capital Advisors LLC's holdings in Deere & Company were worth $14,192,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Pineridge Advisors LLC raised its holdings in Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after purchasing an additional 26 shares during the period. Modus Advisors LLC acquired a new stake in Deere & Company during the 4th quarter worth $32,000. YANKCOM Partnership acquired a new position in Deere & Company in the fourth quarter valued at about $34,000. Synergy Asset Management LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth about $35,000. Finally, Sierra Ocean LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 68.58% of the company's stock.
Insiders Place Their Bets
In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company 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 completion of the sale, the insider now directly owns 74,878 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company's stock.
Deere & Company Stock Performance
Shares of NYSE DE traded down $5.11 during mid-day trading on Tuesday, reaching $476.24. 887,693 shares of the company were exchanged, compared to its average volume of 1,414,328. The stock has a market capitalization of $129.26 billion, a P/E ratio of 21.11, a P/E/G ratio of 2.14 and a beta of 1.08. 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 company's 50-day simple moving average is $464.87 and its 200-day simple moving average is $449.41. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05.
Deere & Company (NYSE:DE - Get Free Report) last issued 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%. As a group, research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio is 28.72%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Evercore ISI boosted their target price on Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Oppenheimer raised their price target on shares of Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. StockNews.com lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. Finally, Robert W. Baird restated a "neutral" rating and set a $501.00 target price on shares of Deere & Company in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $460.21.
Read Our Latest Stock Analysis 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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