Jones Financial Companies Lllp lifted its holdings in Deere & Company (NYSE:DE) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,561 shares of the industrial products company’s stock after acquiring an additional 506 shares during the quarter. Jones Financial Companies Lllp’s holdings in Deere & Company were worth $5,878,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in DE. Daiwa Securities Group Inc. boosted its holdings in shares of Deere & Company by 8.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,318 shares of the industrial products company’s stock worth $1,045,000 after acquiring an additional 668 shares in the last quarter. Hennessy Advisors Inc. raised its position in Deere & Company by 3.9% in the 3rd quarter. Hennessy Advisors Inc. now owns 18,700 shares of the industrial products company’s stock worth $2,349,000 after purchasing an additional 700 shares during the last quarter. Ballentine Partners LLC raised its position in Deere & Company by 37.7% in the 3rd quarter. Ballentine Partners LLC now owns 5,818 shares of the industrial products company’s stock worth $732,000 after purchasing an additional 1,593 shares during the last quarter. Retirement Systems of Alabama raised its position in Deere & Company by 8.8% in the 3rd quarter. Retirement Systems of Alabama now owns 155,183 shares of the industrial products company’s stock worth $19,489,000 after purchasing an additional 12,503 shares during the last quarter. Finally, AllSquare Wealth Management LLC bought a new position in Deere & Company in the 3rd quarter worth approximately $171,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.
Deere & Company (NYSE DE) opened at $167.93 on Monday. The firm has a market cap of $54,280.00, a price-to-earnings ratio of 22.82, a P/E/G ratio of 2.15 and a beta of 0.76. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.98 and a quick ratio of 1.69. Deere & Company has a one year low of $106.93 and a one year high of $175.26.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.43%. Deere & Company’s dividend payout ratio is 32.61%.
DE has been the subject of several research analyst reports. Deutsche Bank boosted their price objective on shares of Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a research report on Thursday, November 16th. Robert W. Baird upgraded shares of Deere & Company from a “neutral” rating to an “outperform” rating and upped their target price for the company from $140.00 to $155.00 in a research report on Tuesday, November 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $155.00 target price (up previously from $134.00) on shares of Deere & Company in a research report on Wednesday, November 22nd. Wells Fargo & Co reissued a “buy” rating and issued a $170.00 price target on shares of Deere & Company in a report on Thursday, November 23rd. Finally, Jefferies Group reissued a “hold” rating and issued a $150.00 price target on shares of Deere & Company in a report on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Deere & Company presently has an average rating of “Buy” and an average target price of $172.07.
In other news, CEO Samuel R. Allen sold 269,353 shares of the company’s stock in a transaction dated 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 directly owns 361,166 shares of the company’s stock, valued at approximately $59,169,825.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Mary K.W. Jones sold 10,220 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $165.06, for a total transaction of $1,686,913.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 386,813 shares of company stock valued at $63,783,286. Company 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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