Colonial Trust Advisors raised its position in Deere & Company (NYSE:DE) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,610 shares of the industrial products company’s stock after buying an additional 2,931 shares during the period. Colonial Trust Advisors’ holdings in Deere & Company were worth $4,634,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in DE. Capital International Investors boosted its position in Deere & Company by 35.4% in the third quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after buying an additional 2,300,531 shares in the last quarter. Janus Henderson Group PLC boosted its position in Deere & Company by 128.2% in the third quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock valued at $324,942,000 after buying an additional 1,453,754 shares in the last quarter. Two Sigma Advisers LP boosted its position in Deere & Company by 1,140.3% in the fourth quarter. Two Sigma Advisers LP now owns 987,462 shares of the industrial products company’s stock valued at $154,548,000 after buying an additional 907,849 shares in the last quarter. SG Americas Securities LLC boosted its position in Deere & Company by 123.5% in the fourth quarter. SG Americas Securities LLC now owns 67,909 shares of the industrial products company’s stock valued at $10,628,000 after buying an additional 357,198 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Deere & Company in the fourth quarter valued at about $48,800,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.
A number of equities analysts have commented on the stock. Morgan Stanley began coverage on shares of Deere & Company in a research report on Friday, March 2nd. They issued an “overweight” rating and a $195.00 price target on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 target price (up from $190.00) on shares of Deere & Company in a research note on Wednesday, February 21st. Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Wednesday, February 21st. TheStreet downgraded shares of Deere & Company from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $170.00 target price (up from $150.00) on shares of Deere & Company in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $172.07.
In other news, CEO Samuel R. Allen sold 269,353 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 361,166 shares in the company, valued at $59,169,825.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jean H. Gilles sold 15,083 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $166.98, for a total transaction of $2,518,559.34. Following the completion of the transaction, the insider now owns 69,089 shares of the company’s stock, valued at approximately $11,536,481.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 380,397 shares of company stock valued at $62,811,005. Corporate insiders own 0.74% of the company’s stock.
Shares of Deere & Company stock opened at $158.05 on Thursday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.69 and a current ratio of 1.98. The firm has a market cap of $51,802.81, a P/E ratio of 21.80, a P/E/G ratio of 2.05 and a beta of 0.76. Deere & Company has a 12 month low of $106.93 and a 12 month high of $175.26.
Deere & Company (NYSE:DE) last issued its quarterly earnings data on Friday, February 16th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.15. The firm had revenue of $5.97 billion during 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 business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. analysts predict that Deere & Company will post 9.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Thursday, March 29th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, March 28th. Deere & Company’s dividend payout ratio is currently 54.92%.
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Deere & 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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