5,379 Shares in Deere & Company $DE Bought by Third View Private Wealth LLC

Key Points

• Third View Private Wealth LLC opened a new position of 5,379 shares in Deere & Company in the 4th quarter, a stake valued at approximately $2.504 million, and institutional investors now own about 68.58% of the company.
• Deere beat expectations for the most recent quarter, reporting EPS $2.42 versus $1.90 expected and revenue of $9.61 billion (up 17.5% year-over-year) versus $7.50 billion expected.
• The company declared a quarterly dividend of $1.62 per share (annualized $6.48, yield 1.1%), and Wall Street consensus rates Deere as a Moderate Buy with a $655.45 price target.

Third View Private Wealth 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 (SEC). The institutional investor purchased 5,379 shares of the industrial products company's stock, valued at approximately $2,504,000.

Several other institutional investors have also bought and sold shares of the stock. Csenge Advisory Group boosted its position in Deere & Company by 84.9% in the third quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company's stock worth $3,402,000 after purchasing an additional 3,416 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its position in Deere & Company by 66.1% in the third quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company's stock worth $12,606,000 after purchasing an additional 10,974 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Deere & Company by 263.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 17,308 shares of the industrial products company's stock worth $7,942,000 after purchasing an additional 12,551 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Deere & Company by 14.6% in the third quarter. Public Sector Pension Investment Board now owns 21,174 shares of the industrial products company's stock worth $9,682,000 after purchasing an additional 2,702 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Deere & Company by 2.2% in the third quarter. Asset Management One Co. Ltd. now owns 110,328 shares of the industrial products company's stock worth $50,449,000 after purchasing an additional 2,373 shares during the last quarter. Institutional investors own 68.58% of the company's stock.

Deere & Company Stock Down 0.3%

Shares of NYSE DE opened at $603.27 on Tuesday. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. The business's fifty day moving average price is $593.39 and its 200-day moving average price is $518.64. The stock has a market capitalization of $162.95 billion, a PE ratio of 34.01, a P/E/G ratio of 2.11 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm had revenue of $9.61 billion for the quarter, compared to analysts' expectations of $7.50 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The business's revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Deere & Company's dividend payout ratio is currently 36.53%.

Insider Activity at Deere & Company

In other news, insider Cory J. Reed sold 12,000 shares of the company's stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the transaction, the insider owned 20,792 shares of the company's stock, valued at $10,603,920. This represents a 36.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Raymond James Financial reissued an "outperform" rating and issued a $765.00 price objective on shares of Deere & Company in a research report on Monday, February 23rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Deere & Company in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on Deere & Company from $525.00 to $550.00 and gave the stock a "neutral" rating in a research report on Friday. Citigroup cut their price objective on Deere & Company from $675.00 to $625.00 and set a "neutral" rating on the stock in a research report on Monday, March 9th. Finally, Wells Fargo & Company boosted their price objective on Deere & Company from $543.00 to $750.00 and gave the stock an "overweight" rating in a research report on Friday, February 20th. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $655.45.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company's principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

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