Evergreen Wealth Solutions LLC Acquires Shares of 584 Deere & Company (NYSE:DE)

Evergreen Wealth Solutions LLC bought a new position in Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 584 shares of the industrial products company's stock, valued at approximately $247,000.

Several other hedge funds also recently made changes to their positions in DE. Schonfeld Strategic Advisors LLC lifted its holdings in Deere & Company by 814.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 26,231 shares of the industrial products company's stock worth $11,114,000 after buying an additional 23,362 shares during the period. AQR Capital Management LLC lifted its stake in Deere & Company by 30.3% in the fourth quarter. AQR Capital Management LLC now owns 30,170 shares of the industrial products company's stock worth $12,783,000 after acquiring an additional 7,019 shares during the period. Northern Trust Corp lifted its stake in Deere & Company by 12.8% in the fourth quarter. Northern Trust Corp now owns 2,915,729 shares of the industrial products company's stock worth $1,235,394,000 after acquiring an additional 330,915 shares during the period. Bellwether Advisors LLC bought a new stake in Deere & Company in the fourth quarter valued at $64,000. Finally, Shorepoint Capital Partners LLC increased its position in Deere & Company by 2.1% during the 4th quarter. Shorepoint Capital Partners LLC now owns 8,210 shares of the industrial products company's stock valued at $3,478,000 after purchasing an additional 166 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

DE traded up $1.38 during midday trading on Friday, hitting $481.40. 1,108,782 shares of the company traded hands, compared to its average volume of 1,418,234. The company's 50-day moving average is $464.80 and its 200 day moving average is $448.33. 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 firm has a market capitalization of $130.66 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, research analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid 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 presently 28.72%.

Insider Activity

In other news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction dated 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DE shares. Robert W. Baird reaffirmed a "neutral" rating and set a $501.00 target price on shares of Deere & Company in a research note on Monday, March 3rd. Baird R W downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Citigroup decreased their target price on 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 lowered Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. Finally, Morgan Stanley increased their price objective on Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Deere & Company currently has a consensus rating of "Hold" and an average price target 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.