Schonfeld Strategic Advisors LLC Purchases 23,362 Shares of Deere & Company (NYSE:DE)

Schonfeld Strategic Advisors LLC raised its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 814.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,231 shares of the industrial products company's stock after buying an additional 23,362 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Deere & Company were worth $11,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DE. Pineridge Advisors LLC raised its position in Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of Deere & Company during the 4th quarter valued at about $32,000. YANKCOM Partnership bought a new stake in Deere & Company in the 4th quarter worth approximately $34,000. Synergy Asset Management LLC purchased a new stake in Deere & Company in the fourth quarter worth approximately $35,000. Finally, Sierra Ocean LLC bought a new position in Deere & Company during the fourth quarter valued at approximately $44,000. 68.58% of the stock is currently owned by institutional investors.

Insider Transactions at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.

Deere & Company Stock Performance

NYSE:DE traded down $0.01 during mid-day trading on Monday, reaching $481.66. The company's stock had a trading volume of 587,578 shares, compared to its average volume of 1,414,511. The firm's fifty day moving average price is $464.80 and its two-hundred day moving average price is $448.90. 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 stock has a market cap of $130.73 billion, a P/E ratio of 21.37, a PEG ratio of 2.14 and a beta of 1.00. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05.

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

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, March 31st. Deere & Company's payout ratio is currently 28.72%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley increased 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 objective on Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Oppenheimer lifted their price target on Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Finally, Robert W. Baird reissued a "neutral" rating and set a $501.00 price objective on shares of Deere & Company in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $460.21.

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.