Silvercrest Asset Management Group LLC Purchases 48 Shares of Deere & Company (NYSE:DE)

Silvercrest Asset Management Group LLC grew its position in shares of Deere & Company (NYSE:DE) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,159 shares of the industrial products company’s stock after purchasing an additional 48 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Deere & Company were worth $9,812,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DE. Pineridge Advisors LLC raised its holdings in Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. YANKCOM Partnership bought a new stake in shares of Deere & Company in the 4th quarter valued at $34,000. Synergy Asset Management LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at $35,000. Sierra Ocean LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at $44,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at $48,000. Institutional investors own 68.58% of the company’s stock.

Insider Buying and Selling at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares of the company’s stock, valued at approximately $37,484,675.58. This represents a 24.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the subject of several research analyst reports. Argus set a $510.00 price objective on shares of Deere & Company in a research note on Friday, March 7th. Morgan Stanley lifted their price objective on shares of Deere & Company from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, April 16th. Evercore ISI lifted their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Barclays lifted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the company an “overweight” rating in a research note on Friday. Finally, StockNews.com upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $504.38.

Deere & Company Price Performance

NYSE DE opened at $531.79 on Friday. The company has a market cap of $144.34 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The firm’s 50-day simple moving average is $468.29 and its two-hundred day simple moving average is $454.67.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating the consensus estimate of $5.72 by $0.92. The business had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.22%. The ex-dividend date was Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.