Loudon Investment Management LLC trimmed its holdings in shares of Deere & Company (NYSE:DE) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,174 shares of the industrial products company’s stock after selling 570 shares during the period. Deere & Company comprises 1.7% of Loudon Investment Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Loudon Investment Management LLC’s holdings in Deere & Company were worth $2,218,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DE. LeJeune Puetz Investment Counsel LLC acquired a new stake in Deere & Company during the 4th quarter valued at $101,000. Cerebellum GP LLC acquired a new stake in Deere & Company during the 4th quarter valued at $132,000. TCI Wealth Advisors Inc. boosted its holdings in shares of Deere & Company by 107.3% during the fourth quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 458 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Deere & Company during the third quarter worth $144,000. Finally, YorkBridge Wealth Partners LLC boosted its holdings in shares of Deere & Company by 1.1% during 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 last quarter. 67.28% of the stock is owned by hedge funds and other institutional investors.
DE has been the topic of several analyst reports. Wells Fargo & Co restated a “buy” rating and set a $170.00 price objective on shares of Deere & Company in a report on Thursday, November 23rd. Deutsche Bank raised Deere & Company from a “hold” rating to a “buy” rating and increased their target price for the stock from $149.00 to $167.00 in a research report on Thursday, November 23rd. Zacks Investment Research raised Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, November 2nd. BMO Capital Markets reissued a “buy” rating and issued a $150.00 price objective on shares of Deere & Company in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus lifted their target price on Deere & Company to $161.00 and gave the stock a “buy” rating in a research report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $155.21.
Shares of Deere & Company (NYSE:DE) traded up $1.27 during trading hours on Friday, reaching $154.93. 3,900,000 shares of the company’s stock traded hands, compared to its average volume of 2,230,000. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. Deere & Company has a 52 week low of $106.72 and a 52 week high of $171.96. The firm has a market cap of $49,780.00, a P/E ratio of 23.30, a P/E/G ratio of 2.32 and a beta of 0.75.
Deere & Company (NYSE:DE) last posted its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The business had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. Deere & Company’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS. analysts expect that Deere & Company will post 8.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, December 29th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, December 28th. Deere & Company’s dividend payout ratio is presently 36.09%.
In other news, insider Max A. Guinn sold 11,235 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $168.68, for a total transaction of $1,895,119.80. Following the completion of the transaction, the insider now owns 39,406 shares of the company’s stock, valued at $6,647,004.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rajesh Kalathur sold 4,519 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total transaction of $672,969.48. Following the transaction, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at approximately $5,404,008.96. The disclosure for this sale can be found here. Insiders sold 187,603 shares of company stock valued at $28,058,143 over the last quarter. 0.74% of the stock is currently owned by corporate insiders.
Deere & Company Company Profile
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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