MGO One Seven LLC Has $1.65 Million Position in Deere & Company (NYSE:DE)

MGO One Seven LLC lifted its position in Deere & Company (NYSE:DE - Free Report) by 28.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,884 shares of the industrial products company's stock after acquiring an additional 861 shares during the quarter. MGO One Seven LLC's holdings in Deere & Company were worth $1,646,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its stake in Deere & Company by 19.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock valued at $2,792,082,000 after acquiring an additional 1,095,736 shares in the last quarter. Quantessence Capital LLC purchased a new position in shares of Deere & Company in the 4th quarter valued at approximately $470,000. Alta Advisers Ltd boosted its stake in Deere & Company by 20.3% in the 4th quarter. Alta Advisers Ltd now owns 842 shares of the industrial products company's stock worth $357,000 after purchasing an additional 142 shares in the last quarter. Beacon Investment Advisors LLC grew its position in Deere & Company by 1.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 11,082 shares of the industrial products company's stock worth $4,695,000 after purchasing an additional 150 shares during the last quarter. Finally, Fayez Sarofim & Co increased its stake in Deere & Company by 3,380.3% during the 4th quarter. Fayez Sarofim & Co now owns 340,928 shares of the industrial products company's stock valued at $147,049,000 after purchasing an additional 331,132 shares in the last quarter. Institutional investors own 68.58% of the company's stock.

Insiders Place Their Bets

In other news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was 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. This trade represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company's stock.

Deere & Company Stock Down 0.7 %

NYSE DE traded down $3.09 during trading on Wednesday, reaching $457.55. The company's stock had a trading volume of 413,793 shares, compared to its average volume of 1,416,434. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $124.19 billion, a PE ratio of 20.28, a PEG ratio of 2.14 and a beta of 1.00. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The business has a 50-day moving average price of $465.52 and a 200-day moving average price of $447.16.

Deere & Company (NYSE:DE - Get Free Report) last announced 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%. On average, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm 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 is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.42%. Deere & Company's payout ratio is currently 28.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DE. Morgan Stanley increased their price objective on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Citigroup decreased their target price on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised their price objective on Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a report on Monday, February 10th. StockNews.com downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. Finally, Baird R W downgraded shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $460.21.

Deere & Company 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.