Bison Wealth LLC lessened its holdings in Deere & Company (NYSE:DE - Free Report) by 63.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 557 shares of the industrial products company's stock after selling 958 shares during the quarter. Bison Wealth LLC's holdings in Deere & Company were worth $236,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Pineridge Advisors LLC boosted its holdings in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after buying an additional 26 shares during the last quarter. Modus Advisors LLC acquired a new stake in Deere & Company in the fourth quarter valued at $32,000. YANKCOM Partnership bought a new position in shares of Deere & Company in the 4th quarter valued at about $34,000. Synergy Asset Management LLC acquired a new position in shares of Deere & Company during the 4th quarter worth about $35,000. Finally, Sierra Ocean LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 68.58% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Robert W. Baird reiterated a "neutral" rating and set a $501.00 price target on shares of Deere & Company in a report on Monday, March 3rd. Evercore ISI lifted their target price on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. StockNews.com cut Deere & Company from a "hold" rating to a "sell" rating in a research note on Sunday, April 6th. Citigroup reduced their price objective on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Argus set a $510.00 price objective on shares of Deere & Company in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Deere & Company currently has an average rating of "Hold" and an average price target of $460.21.
Get Our Latest Research Report on Deere & Company
Insider Buying and Selling
In related 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 transaction of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.
Deere & Company Price Performance
Deere & Company stock traded up $1.38 during midday trading on Friday, reaching $481.40. The company's stock had a trading volume of 1,108,782 shares, compared to its average volume of 1,417,396. The stock has a market cap of $130.66 billion, a PE ratio of 21.34, a price-to-earnings-growth 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. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The business has a 50-day moving average price of $464.80 and a 200-day moving average price of $448.60.
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 (EPS) for the quarter, beating 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%. On average, sell-side analysts predict that Deere & Company will post 19.32 EPS for the current year.
Deere & Company Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's payout ratio is 28.72%.
Deere & 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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