Xact Kapitalforvaltning AB grew its holdings in shares of Deere & Company (NYSE:DE) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,064 shares of the industrial products company’s stock after purchasing an additional 3,529 shares during the period. Xact Kapitalforvaltning AB’s holdings in Deere & Company were worth $8,618,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of DE. Capital International Investors boosted its position in shares of Deere & Company by 35.4% during the 3rd quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after purchasing an additional 2,300,531 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of 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 worth $324,942,000 after buying an additional 1,453,754 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of 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 worth $154,548,000 after buying an additional 907,849 shares during the period. SG Americas Securities LLC boosted its holdings in shares of 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 worth $10,628,000 after buying an additional 357,198 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Deere & Company in the fourth quarter worth about $48,800,000. Institutional investors own 67.31% of the company’s stock.
Several brokerages have commented on DE. Morgan Stanley began coverage on shares of Deere & Company in a report on Friday, March 2nd. They issued an “overweight” rating and a $195.00 target price for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 target price (up from $190.00) on shares of Deere & Company in a report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Wednesday, February 21st. TheStreet cut shares of Deere & Company from a “b+” rating to a “c+” rating in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $170.00 target price (up from $150.00) on shares of Deere & Company in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $172.07.
Shares of Deere & Company (NYSE DE) opened at $151.58 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.98 and a debt-to-equity ratio of 2.85. The stock has a market cap of $51,174.66, a P/E ratio of 34.69, a PEG ratio of 2.02 and a beta of 0.76. Deere & Company has a 52-week low of $106.93 and a 52-week high of $175.26.
Deere & Company (NYSE:DE) last posted its quarterly earnings results on Friday, February 16th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.15. The business had revenue of $5.97 billion during the quarter, compared to analyst estimates 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 was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. research analysts anticipate that Deere & Company will post 9.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Thursday, March 29th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Wednesday, March 28th. Deere & Company’s dividend payout ratio (DPR) is 54.92%.
In related news, CEO Samuel R. Allen sold 269,353 shares of the firm’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 transaction of $44,128,101.99. Following the transaction, the chief executive officer now owns 361,166 shares of the company’s stock, valued at $59,169,825.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Max A. Guinn sold 11,235 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 39,406 shares in the company, valued at approximately $6,647,004.08. The disclosure for this sale can be found here. Insiders sold 380,397 shares of company stock valued at $62,811,005 over the last three months. 0.74% of the stock is owned by insiders.
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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