Rockland Trust Co. acquired a new position in shares of Deere & Company (NYSE:DE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,330 shares of the industrial products company’s stock, valued at approximately $208,000.
Other hedge funds have also recently bought and sold shares of the company. QCI Asset Management Inc. NY increased its position in shares of Deere & Company by 18.8% in the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 150 shares during the period. Wealthcare Advisory Partners LLC bought a new position in shares of Deere & Company in the third quarter worth $144,000. Harfst & Associates Inc. increased its position in shares of Deere & Company by 44.2% in the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 360 shares during the period. YorkBridge Wealth Partners LLC increased its position in shares of Deere & Company by 1.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 13 shares during the period. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of Deere & Company in the second quarter worth $155,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.
In other news, VP Mary K.W. Jones sold 10,220 shares of Deere & Company stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $165.06, for a total transaction of $1,686,913.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cory J. Reed sold 6,416 shares of Deere & Company stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total value of $972,280.64. Following the sale, the insider now directly owns 11,383 shares in the company, valued at $1,724,979.82. The disclosure for this sale can be found here. Insiders have sold 212,767 shares of company stock worth $30,215,798 over the last three months. Insiders own 0.85% of the company’s stock.
DE has been the topic of a number of recent analyst reports. Deutsche Bank raised their price target on Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a research report on Thursday, November 16th. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, November 2nd. Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $140.00 to $155.00 in a research report on Tuesday, November 21st. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $155.00 price target (up previously from $134.00) on shares of Deere & Company in a research report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $146.88.
Deere & Company (NYSE DE) opened at $169.30 on Friday. Deere & Company has a 12-month low of $103.99 and a 12-month high of $170.73. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. The stock has a market capitalization of $54,021.76, a PE ratio of 25.22, a price-to-earnings-growth ratio of 2.53 and a beta of 0.77.
Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. During the same period last year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. equities research analysts forecast that Deere & Company will post 8.06 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, December 28th. Deere & Company’s payout ratio is 36.14%.
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About Deere & Company
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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