Rehmann Capital Advisory Group Purchases 1,501 Shares of Deere & Company (NYSE:DE)

Rehmann Capital Advisory Group raised its position in shares of Deere & Company (NYSE:DE - Free Report) by 87.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,211 shares of the industrial products company's stock after purchasing an additional 1,501 shares during the period. Rehmann Capital Advisory Group's holdings in Deere & Company were worth $1,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Deere & Company in the 4th quarter worth approximately $1,244,094,000. Price T Rowe Associates Inc. MD boosted its position in Deere & Company by 19.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock worth $2,792,082,000 after acquiring an additional 1,095,736 shares during the period. FMR LLC grew its stake in shares of Deere & Company by 22.9% in the fourth quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock worth $2,364,843,000 after purchasing an additional 1,039,395 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Deere & Company in the fourth quarter worth $296,232,000. Finally, Proficio Capital Partners LLC increased its holdings in shares of Deere & Company by 52,200.3% during the fourth quarter. Proficio Capital Partners LLC now owns 530,848 shares of the industrial products company's stock valued at $224,920,000 after purchasing an additional 529,833 shares during the period. Institutional investors own 68.58% of the company's stock.

Insiders Place Their Bets

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the 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 sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Deere & Company Trading Up 0.3 %

Shares of Deere & Company stock traded up $1.38 during trading on Friday, hitting $481.40. The stock had a trading volume of 1,108,782 shares, compared to its average volume of 1,417,396. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $130.66 billion, a PE ratio of 21.34, a P/E/G 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 stock has a 50 day simple moving average of $464.80 and a 200 day simple moving average of $448.60.

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 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 expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently disclosed 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. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio is currently 28.72%.

Analyst Ratings Changes

Several research firms recently weighed in on DE. Baird R W downgraded shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. StockNews.com lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Sunday, April 6th. Robert W. Baird reiterated a "neutral" rating and set a $501.00 price objective on shares of Deere & Company in a research note on Monday, March 3rd. UBS Group dropped their target price on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Evercore ISI lifted their price target on Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $460.21.

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.