584 Shares in Deere & Company (NYSE:DE) Bought by Triumph Capital Management

Triumph Capital Management bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 584 shares of the industrial products company's stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SkyView Investment Advisors LLC grew its stake in shares of Deere & Company by 6.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,098 shares of the industrial products company's stock worth $458,000 after buying an additional 68 shares in the last quarter. Versant Capital Management Inc raised its position in Deere & Company by 35.3% during the 4th quarter. Versant Capital Management Inc now owns 257 shares of the industrial products company's stock worth $109,000 after buying an additional 67 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Deere & Company by 24.8% during the 4th quarter. GAMMA Investing LLC now owns 2,859 shares of the industrial products company's stock valued at $1,211,000 after acquiring an additional 569 shares during the period. Modus Advisors LLC purchased a new position in Deere & Company in the 4th quarter valued at $32,000. Finally, Everence Capital Management Inc. grew its stake in shares of Deere & Company by 148.3% in the 4th quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock valued at $5,179,000 after buying an additional 7,300 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deere & Company

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

Wall Street Analysts Forecast Growth

DE has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on Deere & Company from $510.00 to $513.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Evercore ISI lifted their price objective on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. raised their price objective on Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Morgan Stanley lifted their price objective on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Finally, UBS Group cut their price objective on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of "Hold" and a consensus target price of $460.21.

Deere & Company Trading Up 0.3 %

DE traded up $1.38 during midday trading on Friday, hitting $481.40. 1,108,782 shares of the company were exchanged, compared to its average volume of 1,417,396. The firm has a market capitalization of $130.66 billion, a P/E ratio of 21.34, a P/E/G ratio of 2.14 and a beta of 1.00. Deere & Company has a 1-year low of $340.20 and a 1-year 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's 50 day moving average price is $464.80 and its 200-day moving average price is $448.90.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data 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 return on equity of 27.31% and a net margin of 12.94%. As a group, equities analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. Deere & Company's payout ratio is presently 28.72%.

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.