Montis Financial LLC Purchases 100 Shares of Deere & Company (NYSE:DE)

Montis Financial LLC lifted its position in Deere & Company (NYSE:DE) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,726 shares of the industrial products company’s stock after acquiring an additional 100 shares during the quarter. Montis Financial LLC’s holdings in Deere & Company were worth $1,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DE. Victory Capital Management Inc. raised its holdings in Deere & Company by 2.6% in the third quarter. Victory Capital Management Inc. now owns 100,110 shares of the industrial products company’s stock worth $41,779,000 after purchasing an additional 2,569 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Deere & Company by 1.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 16,009 shares of the industrial products company’s stock worth $6,681,000 after purchasing an additional 201 shares in the last quarter. Cable Hill Partners LLC bought a new position in Deere & Company in the third quarter worth about $214,000. KBC Group NV raised its holdings in Deere & Company by 10.9% in the third quarter. KBC Group NV now owns 101,794 shares of the industrial products company’s stock worth $42,482,000 after purchasing an additional 9,968 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings in Deere & Company by 0.5% in the third quarter. Metis Global Partners LLC now owns 10,068 shares of the industrial products company’s stock worth $4,202,000 after purchasing an additional 49 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Up 2.5 %

Deere & Company stock opened at $478.67 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The stock’s 50 day simple moving average is $466.59 and its two-hundred day simple moving average is $432.84. The firm has a market cap of $129.92 billion, a PE ratio of 21.22, a P/E/G ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid 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 28.72%.

Analyst Ratings Changes

A number of brokerages have commented on DE. Citigroup boosted their target price on shares of Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Oppenheimer boosted their price target on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a research note on Friday, December 6th. Finally, Morgan Stanley boosted their price target on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. 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, the stock currently has an average rating of “Hold” and an average price target of $460.00.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the transaction, the insider now directly owns 74,878 shares of the company’s stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

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.