Deere & Company (NYSE:DE) Holdings Raised by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC grew its stake in shares of Deere & Company (NYSE:DE) by 78.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,547 shares of the industrial products company’s stock after purchasing an additional 1,995 shares during the period. Exencial Wealth Advisors LLC’s holdings in Deere & Company were worth $1,927,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DE. Wellington Management Group LLP lifted its holdings in shares of Deere & Company by 32.0% during the third quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company’s stock valued at $3,068,404,000 after purchasing an additional 1,782,984 shares during the last quarter. FMR LLC lifted its stake in Deere & Company by 27.8% in the 3rd quarter. FMR LLC now owns 4,542,013 shares of the industrial products company’s stock worth $1,895,518,000 after acquiring an additional 988,380 shares in the last quarter. Stockbridge Partners LLC lifted its stake in Deere & Company by 157.5% in the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company’s stock worth $369,019,000 after acquiring an additional 540,874 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in Deere & Company by 52,200.3% in the 4th quarter. Proficio Capital Partners LLC now owns 530,848 shares of the industrial products company’s stock worth $224,920,000 after acquiring an additional 529,833 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC purchased a new stake in Deere & Company in the 4th quarter worth about $148,359,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Down 1.6 %

Shares of DE stock opened at $458.43 on Wednesday. The stock’s 50 day simple moving average is $458.13 and its 200 day simple moving average is $427.89. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The company has a market capitalization of $124.85 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.14 and a beta of 0.98.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, research analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Monday, March 31st. Deere & Company’s payout ratio is 28.72%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DE. JPMorgan Chase & Co. increased their price objective on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. StockNews.com downgraded Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday. Oppenheimer increased their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Morgan Stanley increased their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Citigroup raised their price target on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $457.22.

Insider Activity at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the transaction, the insider now directly owns 74,878 shares of the company’s stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

About Deere & Company

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.