G&S Capital LLC acquired a new position in Deere & Company (NYSE:DE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,600 shares of the industrial products company’s stock, valued at approximately $250,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Nova Scotia Trust Co. purchased a new stake in Deere & Company in the third quarter worth about $302,000. Bollard Group LLC lifted its holdings in Deere & Company by 0.8% in the fourth quarter. Bollard Group LLC now owns 89,757 shares of the industrial products company’s stock worth $14,048,000 after buying an additional 679 shares during the period. California Public Employees Retirement System lifted its holdings in Deere & Company by 8.9% in the third quarter. California Public Employees Retirement System now owns 796,383 shares of the industrial products company’s stock worth $100,018,000 after buying an additional 65,031 shares during the period. Capital International Investors lifted its holdings in Deere & Company by 35.4% in the third quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock worth $1,106,131,000 after buying an additional 2,300,531 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in Deere & Company by 19.5% in the third quarter. Toronto Dominion Bank now owns 121,749 shares of the industrial products company’s stock worth $15,289,000 after buying an additional 19,852 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.
Shares of Deere & Company (NYSE:DE) opened at $161.32 on Wednesday. The firm has a market cap of $53,110.91, a P/E ratio of 22.35, a P/E/G ratio of 2.10 and a beta of 0.76. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt-to-equity ratio of 2.85. Deere & Company has a 1 year low of $106.93 and a 1 year high of $175.26.
Deere & Company (NYSE:DE) last announced its quarterly earnings results on Friday, February 16th. The industrial products company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.15. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.41 billion. Deere & Company had a net margin of 4.57% and a return on equity of 27.18%. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. research analysts forecast that Deere & Company will post 9.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Thursday, March 29th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, March 28th. Deere & Company’s dividend payout ratio (DPR) is currently 54.92%.
In other Deere & Company news, insider James M. Field sold 22,095 shares of Deere & Company stock in a transaction that occurred on 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 completion of the sale, the insider now owns 95,832 shares of the company’s stock, valued at approximately $16,297,189.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Mary K.W. Jones sold 10,220 shares of Deere & Company stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $165.06, for a total transaction of $1,686,913.20. The disclosure for this sale can be found here. Insiders have sold 380,397 shares of company stock valued at $62,811,005 in the last three months. 0.74% of the stock is owned by insiders.
DE has been the subject of a number of analyst reports. Wells Fargo & Co reaffirmed an “outperform” rating and set a $200.00 target price (up previously from $170.00) on shares of Deere & Company in a research note on Wednesday, January 10th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $160.00 target price (up previously from $142.00) on shares of Deere & Company in a research note on Thursday, February 15th. ValuEngine raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley initiated coverage on shares of Deere & Company in a research note on Friday, March 2nd. They set an “overweight” rating and a $195.00 target price for the company. Finally, BMO Capital Markets raised their target price on shares of Deere & Company to $165.00 and gave the company an “outperform” rating in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $172.07.
Deere & 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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