Mufg Securities Americas Inc. Purchases Shares of 3,757 Deere & Company (NYSE:DE)

Mufg Securities Americas Inc. acquired a new stake in Deere & Company (NYSE:DE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,757 shares of the industrial products company's stock, valued at approximately $1,592,000.

A number of other hedge funds have also recently made changes to their positions in DE. Compass Financial Services Inc purchased a new stake in Deere & Company during the 4th quarter valued at approximately $254,000. Banque Pictet & Cie SA increased its holdings in shares of Deere & Company by 2.0% in the fourth quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock worth $33,165,000 after purchasing an additional 1,500 shares during the last quarter. Spectrum Financial Alliance Ltd LLC lifted its position in shares of Deere & Company by 2.9% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock worth $21,021,000 after buying an additional 1,407 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Deere & Company in the fourth quarter worth about $847,000. Finally, BankPlus Trust Department bought a new position in Deere & Company during the fourth quarter valued at approximately $1,127,000. Institutional investors own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. 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. Morgan Stanley raised their target price on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Citigroup decreased their price target on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Baird R W cut shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, StockNews.com upgraded shares of Deere & Company from a "sell" rating to a "hold" rating in a report on Tuesday. Fourteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $460.21.

Deere & Company Price Performance

DE opened at $499.81 on Wednesday. The business has a fifty day moving average of $466.67 and a 200 day moving average of $452.43. The stock has a market cap of $135.66 billion, a P/E ratio of 22.15, a PEG ratio of 2.14 and a beta of 1.08. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS 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, sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Monday, March 31st were issued a $1.62 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.30%. Deere & Company's payout ratio is currently 28.72%.

Insider Buying and Selling

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

Deere & 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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