Integrated Wealth Concepts LLC Purchases 1,137 Shares of Deere & Company (NYSE:DE)

Integrated Wealth Concepts LLC lifted its holdings in Deere & Company (NYSE:DE - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,832 shares of the industrial products company's stock after acquiring an additional 1,137 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Deere & Company were worth $3,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Everence Capital Management Inc. raised its holdings in shares of Deere & Company by 148.3% during the fourth quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock valued at $5,179,000 after purchasing an additional 7,300 shares during the last quarter. Compass Financial Services Inc bought a new stake in Deere & Company during the 4th quarter valued at approximately $254,000. Czech National Bank lifted its position in shares of Deere & Company by 5.7% in the fourth quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock worth $23,376,000 after buying an additional 2,964 shares in the last quarter. Banque Pictet & Cie SA grew its position in Deere & Company by 2.0% in the fourth quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock worth $33,165,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Spectrum Financial Alliance Ltd LLC boosted its stake in shares of Deere & Company by 2.9% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock worth $21,021,000 after purchasing an additional 1,407 shares during the period. Institutional investors own 68.58% of the company's stock.

Insider Transactions at Deere & Company

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 sale, the insider now directly owns 74,878 shares of the company's stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DE shares. UBS Group lowered their target price on Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Baird R W downgraded shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Citigroup decreased 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. StockNews.com downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. Finally, Morgan Stanley upped their price objective on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $460.21.

Deere & Company Stock Performance

Deere & Company stock traded up $3.01 on Wednesday, reaching $463.65. 1,325,802 shares of the stock were exchanged, compared to its average volume of 1,419,996. The stock has a market cap of $125.84 billion, a PE ratio of 20.55, a PEG ratio of 2.14 and a beta of 1.00. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The firm has a fifty day moving average price of $465.52 and a two-hundred day moving average price of $447.16. 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 (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 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%. Sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.40%. Deere & Company's dividend payout ratio is presently 28.72%.

Deere & Company Profile

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.