Fidelis Capital Partners LLC Buys 156 Shares of Deere & Company (NYSE:DE)

Fidelis Capital Partners LLC raised its stake in Deere & Company (NYSE:DE) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,446 shares of the industrial products company’s stock after acquiring an additional 156 shares during the period. Fidelis Capital Partners LLC’s holdings in Deere & Company were worth $1,142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Pineridge Advisors LLC boosted its position in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after buying an additional 26 shares during the period. Modus Advisors LLC purchased a new stake in Deere & Company during the fourth quarter valued at approximately $32,000. YANKCOM Partnership purchased a new stake in Deere & Company during the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC purchased a new stake in Deere & Company during the fourth quarter valued at approximately $35,000. Finally, Continuum Advisory LLC raised its holdings in shares of Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Down 3.2 %

DE stock opened at $465.37 on Tuesday. The company has a fifty day moving average price of $457.61 and a 200 day moving average price of $427.33. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The company has a market cap of $126.74 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98.

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

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.39%. Deere & Company’s dividend payout ratio is currently 28.72%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DE. Oppenheimer increased their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. StockNews.com downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley raised their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Evercore ISI raised their price target on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $501.00 price target on shares of Deere & Company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Deere & Company presently has a consensus rating of “Hold” and a consensus price target of $457.22.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 74,878 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 0.29% of the stock is currently owned by corporate 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.