Private Advisor Group LLC decreased its stake in shares of Deere & Company (NYSE:DE) by 53.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,734 shares of the industrial products company’s stock after selling 17,869 shares during the period. Private Advisor Group LLC’s holdings in Deere & Company were worth $2,525,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Deere & Company during the fourth quarter valued at approximately $101,000. Cerebellum GP LLC purchased a new position in shares of Deere & Company during the fourth quarter valued at approximately $132,000. TCI Wealth Advisors Inc. boosted its position 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 valued at $139,000 after buying an additional 458 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Deere & Company during the third quarter valued at approximately $144,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Deere & Company during the third quarter valued at approximately $158,000. 66.84% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on DE shares. Deutsche Bank lifted their target price on Deere & Company from $129.00 to $149.00 and gave the company a “hold” rating in a research report on Thursday, November 16th. ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. 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. Robert W. Baird raised Deere & Company from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $140.00 to $155.00 in a research report on Tuesday, November 21st. Finally, Vetr cut Deere & Company from a “strong-buy” rating to a “buy” rating and set a $168.58 target price on the stock. in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $156.23.
Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The business’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 earnings per share. equities research analysts predict that Deere & Company will post 8.27 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Friday, December 29th were paid a $0.60 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.47%. Deere & Company’s payout ratio is presently 36.14%.
In other Deere & Company news, insider James M. Field sold 48,427 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $147.98, for a total value of $7,166,227.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cory J. Reed sold 6,416 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total value of $972,280.64. Following the completion of the sale, the insider now owns 11,383 shares in the company, valued at $1,724,979.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 187,603 shares of company stock worth $28,058,143. Corporate insiders own 0.74% of the company’s stock.
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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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