Deere & Company (NYSE:DE) Shares Purchased by PDS Planning Inc

PDS Planning Inc boosted its stake in Deere & Company (NYSE:DE) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,312 shares of the industrial products company’s stock after acquiring an additional 66 shares during the period. PDS Planning Inc’s holdings in Deere & Company were worth $2,674,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mystic Asset Management Inc. raised its holdings in Deere & Company by 7.4% in the fourth quarter. Mystic Asset Management Inc. now owns 4,149 shares of the industrial products company’s stock valued at $1,758,000 after acquiring an additional 286 shares in the last quarter. RD Lewis Holdings Inc. acquired a new stake in Deere & Company in the fourth quarter valued at $1,021,000. Aspen Wealth Strategies LLC raised its holdings in Deere & Company by 3.0% in the fourth quarter. Aspen Wealth Strategies LLC now owns 3,088 shares of the industrial products company’s stock valued at $1,308,000 after acquiring an additional 90 shares in the last quarter. Signaturefd LLC raised its holdings in Deere & Company by 2.8% in the fourth quarter. Signaturefd LLC now owns 5,442 shares of the industrial products company’s stock valued at $2,306,000 after acquiring an additional 147 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Deere & Company by 1.5% in the fourth quarter. Parallel Advisors LLC now owns 2,975 shares of the industrial products company’s stock valued at $1,261,000 after acquiring an additional 44 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup upped their price target on shares of Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Robert W. Baird reissued a “neutral” rating and set a $501.00 target price on shares of Deere & Company in a report on Monday, March 3rd. Evercore ISI increased their target price on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Finally, Baird R W cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Deere & Company presently has an average rating of “Hold” and a consensus target price of $460.00.

Deere & Company Stock Performance

Shares of DE opened at $482.59 on Tuesday. The firm has a 50-day moving average price of $467.88 and a 200 day moving average price of $434.34. The firm has a market capitalization of $130.98 billion, a PE ratio of 21.39, a P/E/G ratio of 2.14 and a beta of 1.01. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. On average, sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.34%. Deere & Company’s dividend payout ratio is presently 28.72%.

Insider Activity at Deere & Company

In related 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 completion of the transaction, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

Deere & 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.