CSM Advisors LLC Acquires 4,239 Shares of Deere & Company (NYSE:DE)

CSM Advisors LLC raised its holdings in shares of Deere & Company (NYSE:DE) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,657 shares of the industrial products company’s stock after buying an additional 4,239 shares during the quarter. CSM Advisors LLC’s holdings in Deere & Company were worth $14,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. SkyView Investment Advisors LLC grew its position in Deere & Company by 6.6% in the third quarter. SkyView Investment Advisors LLC now owns 1,098 shares of the industrial products company’s stock worth $458,000 after acquiring an additional 68 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Deere & Company by 13.9% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 9,879 shares of the industrial products company’s stock worth $4,131,000 after purchasing an additional 1,205 shares in the last quarter. Arvest Bank Trust Division bought a new position in shares of Deere & Company during the 3rd quarter valued at about $1,252,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Deere & Company by 162.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,563 shares of the industrial products company’s stock valued at $8,999,000 after buying an additional 13,334 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in Deere & Company by 56.3% in the 3rd quarter. Tidal Investments LLC now owns 38,689 shares of the industrial products company’s stock worth $16,146,000 after buying an additional 13,934 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Deere & Company Stock Up 3.0 %

Shares of NYSE DE opened at $454.86 on Wednesday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The firm has a market capitalization of $123.45 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The firm has a fifty day simple moving average of $468.85 and a two-hundred day simple moving average of $445.27. 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 (NYSE:DE) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (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%. Equities analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s dividend payout ratio is currently 28.72%.

Analysts Set New Price Targets

Several research firms have commented on DE. JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Morgan Stanley lifted their target price on shares of Deere & Company from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 16th. Citigroup cut their price target on shares of Deere & Company from $480.00 to $450.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Evercore ISI boosted their target price on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Finally, StockNews.com cut Deere & Company from a “hold” rating to a “sell” rating in a report on Sunday, April 6th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $460.21.

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.