Kovitz Investment Group Partners LLC grew its position in Deere & Company (NYSE:DE - Free Report) by 334.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,519 shares of the industrial products company's stock after acquiring an additional 150,500 shares during the quarter. Kovitz Investment Group Partners LLC owned 0.07% of Deere & Company worth $82,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Pineridge Advisors LLC grew its stake in Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after purchasing an additional 26 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of Deere & Company in the fourth quarter valued at about $32,000. YANKCOM Partnership bought a new position in Deere & Company during the 4th quarter worth about $34,000. Synergy Asset Management LLC purchased a new position in Deere & Company during the 4th quarter valued at about $35,000. Finally, Sierra Ocean LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 68.58% of the company's stock.
Deere & Company Stock Performance
Shares of DE stock traded down $3.65 on Wednesday, hitting $456.99. The company had a trading volume of 436,949 shares, compared to its average volume of 1,416,516. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. 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 cap of $124.03 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The company has a 50-day moving average price of $465.52 and a 200-day moving average price of $447.16.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates 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, equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, March 31st. Deere & Company's payout ratio is presently 28.72%.
Insiders Place Their Bets
In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred 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 sale, the insider now owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
DE has been the subject of a number of recent research reports. Argus set a $510.00 price objective on shares of Deere & Company in a research note on Friday, March 7th. Morgan Stanley upped their price objective on Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a research note on Sunday, April 6th. Baird R W lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $501.00 price objective on shares of Deere & Company in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $460.21.
Check Out Our Latest Report on DE
Deere & Company Company Profile
(
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.
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