Blue Rock Wealth Management LLC bought a new position in Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 607 shares of the industrial products company's stock, valued at approximately $257,000.
Other institutional investors have also modified their holdings of 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 period. Modus Advisors LLC bought a new position in shares of Deere & Company during the fourth quarter valued at approximately $32,000. YANKCOM Partnership bought a new position in shares of Deere & Company during the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $35,000. Finally, Sierra Ocean LLC bought a new stake in shares of Deere & Company in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 68.58% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on DE. Argus set a $510.00 target price on Deere & Company in a research report on Friday, March 7th. Robert W. Baird reaffirmed a "neutral" rating and issued a $501.00 price objective on shares of Deere & Company in a report on Monday, March 3rd. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. StockNews.com lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Sunday, April 6th. Finally, Truist Financial reiterated a "buy" rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $460.21.
Check Out Our Latest Stock Analysis on DE
Insider Activity at Deere & Company
In related news, insider Rajesh Kalathur sold 24,580 shares of the firm's 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 transaction, the insider now owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.
Deere & Company Price Performance
Shares of DE traded up $1.38 during mid-day trading on Friday, hitting $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 company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The firm has a 50-day moving average price of $464.80 and a 200 day moving average price of $448.60. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $515.05. The stock has a market capitalization of $130.66 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.14 and a beta of 1.00.
Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results 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%. On average, research analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.
Deere & Company Announces Dividend
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 issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio is 28.72%.
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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