Guardian Wealth Advisors LLC NC bought a new position in Deere & Company (NYSE:DE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 766 shares of the industrial products company's stock, valued at approximately $324,000.
Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in Deere & Company in the fourth quarter valued at about $1,244,094,000. Castlekeep Investment Advisors LLC acquired a new position in Deere & Company in the fourth quarter worth approximately $541,437,000. Price T Rowe Associates Inc. MD lifted 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 during the last quarter. FMR LLC grew its position in 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 acquiring an additional 1,039,395 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Deere & Company during the 4th quarter worth $296,232,000. Institutional investors and hedge funds own 68.58% of the company's stock.
Deere & Company Price Performance
Shares of DE opened at $492.33 on Friday. 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 company's fifty day simple moving average is $465.80 and its 200 day simple moving average is $451.21. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The company has a market cap of $133.63 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.14 and a beta of 1.08.
Deere & Company (NYSE:DE - Get Free Report) last released 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 forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Monday, March 31st were given a $1.62 dividend. The ex-dividend date was Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.32%. Deere & Company's payout ratio is 28.72%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on DE. Truist Financial reiterated a "buy" rating and issued a $546.00 price objective (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Robert W. Baird reissued a "neutral" rating and set a $501.00 price objective on shares of Deere & Company in a report on Monday, March 3rd. Argus set a $510.00 price objective on Deere & Company in a research note on Friday, March 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. Finally, Oppenheimer lifted their price objective on Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of "Hold" and an average target price of $460.21.
Check Out Our Latest Stock Report on Deere & Company
Insider Transactions at Deere & Company
In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.
Deere & Company Profile
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Free Report)
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.
Further Reading
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