Providence Capital Advisors LLC Grows Stake in Deere & Company (NYSE:DE)

Providence Capital Advisors LLC increased its holdings in Deere & Company (NYSE:DE) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,336 shares of the industrial products company’s stock after buying an additional 139 shares during the period. Providence Capital Advisors LLC’s holdings in Deere & Company were worth $6,074,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Pineridge Advisors LLC grew its stake in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after buying an additional 26 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of Deere & Company during the 4th quarter worth $32,000. YANKCOM Partnership purchased a new position in Deere & Company in the fourth quarter worth $34,000. Synergy Asset Management LLC bought a new position in Deere & Company in the fourth quarter valued at $35,000. Finally, Continuum Advisory LLC raised its position in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DE. StockNews.com cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Robert W. Baird restated a “neutral” rating and set a $501.00 price target on shares of Deere & Company in a research report on Monday, March 3rd. Citigroup lifted their price objective on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Argus set a $510.00 target price on Deere & Company in a research note on Friday, March 7th. Finally, 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 report on Friday, December 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $460.00.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 74,878 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.29% of the company’s stock.

Deere & Company Trading Down 0.8 %

NYSE DE opened at $479.69 on Friday. The firm has a market capitalization of $130.19 billion, a PE ratio of 21.26, a P/E/G ratio of 2.14 and a beta of 1.01. The stock’s 50 day moving average is $477.11 and its 200 day moving average is $438.85. Deere & Company has a twelve month low of $340.20 and a twelve month 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.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating 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%. Research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Deere & 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.