MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 32,815 Shares of Deere & Company (NYSE:DE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Deere & Company (NYSE:DE - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 633,664 shares of the industrial products company's stock after acquiring an additional 32,815 shares during the period. Deere & Company accounts for 0.6% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s portfolio, making the stock its 28th largest position. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.23% of Deere & Company worth $268,488,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mmbg Investment Advisors CO. lifted its stake in Deere & Company by 5.4% in the fourth quarter. Mmbg Investment Advisors CO. now owns 4,425 shares of the industrial products company's stock valued at $1,875,000 after buying an additional 225 shares during the period. Leigh Baldwin & CO. LLC acquired a new position in Deere & Company in the fourth quarter valued at about $255,686,000. LRI Investments LLC lifted its stake in Deere & Company by 1.1% in the fourth quarter. LRI Investments LLC now owns 2,442 shares of the industrial products company's stock valued at $1,035,000 after buying an additional 26 shares during the period. LRT Capital Management LLC lifted its stake in Deere & Company by 24.8% in the fourth quarter. LRT Capital Management LLC now owns 1,515 shares of the industrial products company's stock valued at $642,000 after buying an additional 301 shares during the period. Finally, Investor s Fiduciary Advisor Network LLC acquired a new position in Deere & Company in the fourth quarter valued at about $1,406,000. Institutional investors own 68.58% of the company's stock.

Deere & Company Stock Performance

Shares of NYSE DE opened at $492.33 on Monday. 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 50 day moving average of $465.80 and a 200-day moving average of $451.49. The company has a market capitalization of $133.63 billion, a P/E ratio of 21.82, a P/E/G ratio of 2.14 and a beta of 1.08.

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, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, equities research analysts predict 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 was paid on Thursday, May 8th. Investors of record on Monday, March 31st were paid 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 dividend payout ratio (DPR) is presently 28.72%.

Insider Activity at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This represents a 24.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DE has been the topic of a number of research analyst reports. Oppenheimer raised their price target on Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Robert W. Baird reaffirmed a "neutral" rating and set a $501.00 price target on shares of Deere & Company in a research report on Monday, March 3rd. Morgan Stanley lifted their target price on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Evercore ISI lifted their target price on Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Finally, Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Deere & Company currently has an average 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.

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