Parkside Advisors LLC bought a new position in shares of Deere & Company (NYSE:DE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,062 shares of the industrial products company’s stock, valued at approximately $309,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Moody National Bank Trust Division raised its position in Deere & Company by 79.2% in the 4th quarter. Moody National Bank Trust Division now owns 475 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 210 shares in the last quarter. Whitener Capital Management Inc. acquired a new stake in Deere & Company in the 3rd quarter valued at about $105,000. Patten Group Inc. acquired a new stake in Deere & Company in the 3rd quarter valued at about $114,000. Amussen Hunsaker Associates LLC acquired a new stake in Deere & Company in the 2nd quarter valued at about $122,000. Finally, SRS Capital Advisors Inc. acquired a new stake in Deere & Company in the 3rd quarter valued at about $141,000. 66.13% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on DE shares. Zacks Investment Research lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Cfra set a $158.00 price target on Deere & Company and gave the company a “hold” rating in a research report on Wednesday, November 21st. William Blair reaffirmed a “hold” rating on shares of Deere & Company in a research report on Friday, November 23rd. Robert W. Baird set a $165.00 price objective on Deere & Company and gave the company a “buy” rating in a report on Friday, November 23rd. Finally, UBS Group set a $177.00 price objective on Deere & Company and gave the company a “buy” rating in a report on Friday, November 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $177.03.
NYSE:DE traded down $0.84 during mid-day trading on Friday, reaching $158.28. 2,039,033 shares of the stock were exchanged, compared to its average volume of 2,565,479. The company has a market capitalization of $49.17 billion, a PE ratio of 16.86, a P/E/G ratio of 1.51 and a beta of 0.89. The company has a quick ratio of 1.67, a current ratio of 1.92 and a debt-to-equity ratio of 2.41. Deere & Company has a 1 year low of $128.32 and a 1 year high of $175.26.
Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 21st. The industrial products company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.14). The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.59 billion. Deere & Company had a return on equity of 29.61% and a net margin of 6.34%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 EPS. As a group, sell-side analysts anticipate that Deere & Company will post 11.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Monday, December 31st will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, December 28th. This is an increase from Deere & Company’s previous quarterly dividend of $0.69. Deere & Company’s dividend payout ratio (DPR) is currently 32.37%.
In related news, CFO Rajesh Kalathur sold 11,133 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $151.47, for a total transaction of $1,686,315.51. Following the transaction, the chief financial officer now owns 42,244 shares in the company, valued at approximately $6,398,698.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.74% of the company’s stock.
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Deere & Company Profile
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
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