Investor s Fiduciary Advisor Network LLC Invests $1.41 Million in Deere & Company (NYSE:DE)

Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,319 shares of the industrial products company's stock, valued at approximately $1,406,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DE. Pineridge Advisors LLC raised its holdings in shares of Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after buying an additional 26 shares in the last quarter. YANKCOM Partnership bought a new position in shares of Deere & Company during the 4th quarter valued at $34,000. Synergy Asset Management LLC purchased a new position in Deere & Company in the 4th quarter worth $35,000. Sierra Ocean LLC purchased a new stake in Deere & Company during the fourth quarter valued at about $44,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Deere & Company in the fourth quarter worth about $48,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction, the insider now directly owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company's stock.

Deere & Company Stock Performance

DE stock opened at $492.33 on Friday. The stock's 50 day simple moving average is $465.80 and its 200 day simple moving average is $451.21. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The stock has a market capitalization of $133.63 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were given a $1.62 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.32%. Deere & Company's payout ratio is 28.72%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Robert W. Baird reiterated a "neutral" rating and issued a $501.00 price objective on shares of Deere & Company in a research report on Monday, March 3rd. Argus set a $510.00 price target on shares of Deere & Company in a report on Friday, March 7th. Oppenheimer increased their target price on shares of Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a report on Tuesday, April 22nd. Morgan Stanley raised their target price on Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. 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. Based on data from MarketBeat, the company currently has a consensus 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.

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.