Capital Investment Advisors LLC increased its holdings of Deere & Company (NYSE:DE – Get Rating) stock by 1.4% during the 1st quarter, reports HoldingsChannel.com. The company held 3,736 shares of the industrial products company after purchasing an additional 53 shares during the period. Capital Investment Advisors LLC’s holdings in Deere & Company were worth $1,552,000 when it last filed with the SEC.
Other institutional investors and hedge funds also changed their positions in the company. Bell Investment Advisors Inc. increased its stake in Deere & Company by 120.0% in the fourth quarter. Bell Investment Advisors Inc now owns 88 shares of the industrial products company valued at $30,000 after buying 48 more shares in the last quarter. First National Bank of South Miami acquired a new position in Deere & Company in Q4 worth $34,000. Crewe Advisors LLC increased its stake in Deere & Company by 3,233.3% in Q4. Crewe Advisors LLC now owns 100 shares of the industrial products company valued at $34,000 after buying 97 additional shares in the last quarter. Amplius Wealth Advisors LLC acquired a new position in Deere & Company in Q4 worth $34,000. Finally, Sierra Capital LLC increased its stake in Deere & Company by 183.3% in the 4th quarter. Sierra Capital LLC now owns 102 shares of the industrial products company valued at $35,000 after buying 66 additional shares in the last quarter. Institutional investors hold 67.35% of the company’s shares.
NYSE:DE opened at $310.87 on Friday. Deere & Company has a 52-week low of $295.59 and a 52-week high of $446.76. The company has a market capitalization of $95.01 billion, a price-earnings ratio of 16.22, a PEG ratio of 0.98 and a beta of 1.02. The company has a 50-day moving average of $361.92 and a 200-day moving average of $374.50. The company has a debt ratio of 1.72, a quick ratio of 1.76 and a current ratio of 2.07.
Deere & Company (NYSE:DE – Get Rating) last reported quarterly results on Friday, May 20. The industrial products company reported earnings per share (EPS) of $6.81 for the quarter, beating the consensus estimate of $6.71 by $0.10. Deere & Company had a net margin of 12.99% and a return on equity of 33.58%. The company posted revenue of $12.03 billion in the quarter, versus a consensus estimate of $13.16 billion. During the same period last year, the company posted EPS of $5.68. The company’s quarterly revenue increased 9.4% year over year. Sell-side analysts expect Deere & Company to post year-to-date EPS of 23.27.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 8. Investors of record on Thursday, June 30 will receive a dividend of $1.13 per share. This is an increase from Deere & Company’s previous quarterly dividend of $1.05. This represents an annualized dividend of $4.52 and a yield of 1.45%. The ex-dividend date is Wednesday, June 29. Deere & Company’s dividend payout ratio (DPR) is currently 21.91%.
A number of analysts weighed in on DE shares. Goldman Sachs Group cut its price target on Deere & Company shares from $480.00 to $420.00 and set a “buy” rating for the company in a Monday, May 23 report. Oppenheimer cut his price target on Deere & Company stock from $446.00 to $419.00 and set an “outperform” rating for the company in a Monday, May 23 report. Robert W. Baird cut his price target on Deere & Company stock from $487.00 to $442.00 and set an “outperform” rating for the company in a Sunday, May 22 report. DA Davidson cut its price target on Deere & Company stock from $480.00 to $445.00 and set a “buy” rating for the company in a Monday, May 23 report. Finally, Wells Fargo & Company cut its price target on Deere & Company stock from $455.00 to $410.00 and set an “overweight” rating for the company in a Monday, May 23 report. Seven research analysts gave the stock a hold rating and ten gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $429.06.
In related news, insider John H. Stone sold 17,145 shares of Deere & Company in a trade dated Thursday, May 26. The shares were sold at an average price of $4,321.07, for a total transaction of $74,084,745.15. Following the completion of the transaction, the insider now directly owns 21,087 shares of the company, valued at approximately $91,118,403.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders of the company own 0.24% of the shares of the company.
About Deere & Company (Get an assessment)
Deere & Company manufactures and distributes various equipment worldwide. The Company operates through four segments: Production and Precision Agriculture, Smallholder Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combine harvesters, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, cotton cane loaders sugar, traction scrapers and tillage and seeding equipment, as well as application equipment including sprayers. and nutrient management, and soil preparation machinery for grain growers.
Want to see which other hedge funds hold DE? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Deere & Company (NYSE:DE – Get Rating).
Receive daily news and reviews for Deere & Company – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Deere & Company and related companies with MarketBeat.com’s FREE daily newsletter.