Halsey Associates Inc. CT boosted its stake in Deere & Company (NYSE:DE) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,397 shares of the industrial products company’s stock after purchasing an additional 1,224 shares during the quarter. Deere & Company comprises approximately 2.1% of Halsey Associates Inc. CT’s portfolio, making the stock its 20th biggest holding. Halsey Associates Inc. CT’s holdings in Deere & Company were worth $12,583,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Deere & Company during the fourth quarter worth approximately $101,000. Icon Wealth Partners LLC bought a new position in shares of Deere & Company in the fourth quarter worth approximately $110,000. Cerebellum GP LLC bought a new position in shares of Deere & Company in the fourth quarter worth approximately $132,000. TCI Wealth Advisors Inc. grew its holdings in shares of Deere & Company by 107.3% in 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. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of Deere & Company in the third quarter worth approximately $144,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Samuel R. Allen sold 269,353 shares of Deere & Company stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $163.83, for a total value of $44,128,101.99. Following the sale, the chief executive officer now owns 361,166 shares in the company, valued at $59,169,825.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James M. Field sold 22,095 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $170.06, for a total transaction of $3,757,475.70. Following the sale, the insider now owns 95,832 shares in the company, valued at approximately $16,297,189.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 380,397 shares of company stock worth $62,811,005. 0.74% of the stock is currently owned by company insiders.
DE has been the topic of several recent analyst reports. ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Credit Suisse Group restated a “buy” rating and issued a $162.00 target price on shares of Deere & Company in a report on Thursday, November 23rd. Wells Fargo restated a “buy” rating and issued a $170.00 target price on shares of Deere & Company in a report on Thursday, November 23rd. Deutsche Bank upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and raised their target price for the stock from $149.00 to $167.00 in a report on Thursday, November 23rd. Finally, Stifel Nicolaus raised their target price on shares of Deere & Company to $161.00 and gave the stock a “buy” rating in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Deere & Company has a consensus rating of “Buy” and a consensus target price of $172.07.
Deere & Company (NYSE DE) traded up $1.59 during trading hours on Tuesday, reaching $161.12. 145,512 shares of the company traded hands, compared to its average volume of 2,532,893. The company has a market capitalization of $53,062.35, a PE ratio of 36.73, a P/E/G ratio of 2.10 and a beta of 0.76. Deere & Company has a twelve month low of $106.93 and a twelve month high of $175.26. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt-to-equity ratio of 2.85.
Deere & Company (NYSE:DE) last released its quarterly earnings results on Friday, February 16th. The industrial products company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.15. The business had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.41 billion. Deere & Company had a net margin of 4.57% and a return on equity of 27.18%. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. analysts predict that Deere & Company will post 9.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Thursday, March 29th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, March 28th. Deere & Company’s dividend payout ratio (DPR) is currently 54.92%.
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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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