Stearns Financial Services Group purchased a new position in Deere & Company (NYSE:DE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,495 shares of the industrial products company’s stock, valued at approximately $234,000.
Other hedge funds also recently made changes to their positions in the company. Achmea Investment Management B.V. raised its position in shares of Deere & Company by 175.7% during the 2nd quarter. Achmea Investment Management B.V. now owns 28,303 shares of the industrial products company’s stock valued at $3,496,000 after buying an additional 18,036 shares in the last quarter. Eqis Capital Management Inc. raised its position in shares of Deere & Company by 8.6% during the 3rd quarter. Eqis Capital Management Inc. now owns 8,004 shares of the industrial products company’s stock valued at $1,005,000 after buying an additional 636 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Deere & Company during the 3rd quarter valued at about $920,000. Verde Servicos Internacionais S.A. purchased a new stake in shares of Deere & Company during the 3rd quarter valued at about $627,000. Finally, Shell Asset Management Co. raised its position in shares of Deere & Company by 57.0% during the 3rd quarter. Shell Asset Management Co. now owns 133,004 shares of the industrial products company’s stock valued at $10,905,000 after buying an additional 48,312 shares in the last quarter. Institutional investors and hedge funds own 66.84% of the company’s stock.
Deere & Company (NYSE DE) opened at $169.44 on Friday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. The company has a market cap of $53,922.51, a PE ratio of 25.52, a price-to-earnings-growth ratio of 2.46 and a beta of 0.75. Deere & Company has a one year low of $106.72 and a one year high of $175.26.
Deere & Company (NYSE:DE) last issued its earnings results on Friday, February 16th. The industrial products company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.11. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.41 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. sell-side analysts anticipate that Deere & Company will post 8.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Friday, December 29th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.42%. Deere & Company’s dividend payout ratio is currently 36.14%.
DE has been the topic of several recent research reports. Deutsche Bank upped their target price on shares of Deere & Company from $129.00 to $149.00 and gave the company a “hold” rating in a research report on Thursday, November 16th. ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, November 2nd. Robert W. Baird upgraded shares of Deere & Company from a “neutral” rating to an “outperform” rating and upped their target price for the company from $140.00 to $155.00 in a research report on Tuesday, November 21st. Finally, Vetr cut shares of Deere & Company from a “strong-buy” rating to a “buy” rating and set a $168.58 target price on the stock. in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $159.70.
In other Deere & Company news, insider James M. Field sold 22,095 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $170.06, for a total value of $3,757,475.70. Following the transaction, the insider now directly owns 95,832 shares in the company, valued at approximately $16,297,189.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mary K.W. Jones sold 34,136 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total transaction of $4,257,441.92. The disclosure for this sale can be found here. Insiders sold a total of 187,603 shares of company stock worth $28,058,143 over the last 90 days. Insiders own 0.74% of the company’s stock.
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Deere & Company Company Profile
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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