Cary Street Partners Financial LLC Buys New Holdings in Deere & Company (NYSE:DE)

Cary Street Partners Financial LLC purchased a new position in shares of Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,206 shares of the industrial products company's stock, valued at approximately $3,901,000.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in Deere & Company in the fourth quarter valued at $541,437,000. Caxton Associates LP acquired a new stake in Deere & Company during the fourth quarter worth approximately $261,000. Chapman Financial Group LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $497,000. Baird Financial Group Inc. raised its stake in Deere & Company by 2.5% during the 4th quarter. Baird Financial Group Inc. now owns 124,526 shares of the industrial products company's stock worth $52,762,000 after acquiring an additional 3,018 shares in the last quarter. Finally, Baldwin Investment Management LLC boosted its stake in Deere & Company by 5.3% in the fourth quarter. Baldwin Investment Management LLC now owns 2,866 shares of the industrial products company's stock valued at $1,214,000 after acquiring an additional 145 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business'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 transaction of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares in the company, valued at $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 available through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on DE. UBS Group cut their price target on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. StockNews.com downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Sunday, April 6th. Citigroup dropped their price target on Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird reissued a "neutral" rating and issued a $501.00 target price on shares of Deere & Company in a report on Monday, March 3rd. Finally, Baird R W lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $460.21.

Deere & Company Stock Down 0.0 %

DE opened at $481.66 on Tuesday. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The firm has a market cap of $130.73 billion, a P/E ratio of 21.35, a PEG ratio of 2.14 and a beta of 1.08. The business's fifty day simple moving average is $464.87 and its 200 day simple moving average is $449.41. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE - Get Free Report) last posted 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 return on equity of 27.31% and a net margin of 12.94%. As a group, equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors 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 yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is 28.72%.

About Deere & Company

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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