Deere & Company (NYSE:DE) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its stake in shares of Deere & Company (NYSE:DE) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,967 shares of the industrial products company’s stock after purchasing an additional 137 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Deere & Company were worth $1,681,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Harrington Investments INC lifted its holdings in shares of Deere & Company by 1.4% during the fourth quarter. Harrington Investments INC now owns 4,810 shares of the industrial products company’s stock worth $2,038,000 after purchasing an additional 67 shares during the period. Clearstead Trust LLC acquired a new stake in Deere & Company in the fourth quarter valued at $3,338,000. Greykasell Wealth Strategies Inc. acquired a new stake in Deere & Company in the fourth quarter valued at $754,000. Montis Financial LLC lifted its holdings in Deere & Company by 3.8% in the fourth quarter. Montis Financial LLC now owns 2,726 shares of the industrial products company’s stock valued at $1,155,000 after acquiring an additional 100 shares during the period. Finally, Kestra Advisory Services LLC lifted its holdings in Deere & Company by 5.2% in the fourth quarter. Kestra Advisory Services LLC now owns 91,852 shares of the industrial products company’s stock valued at $39,066,000 after acquiring an additional 4,568 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DE shares. UBS Group raised their target price on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Evercore ISI raised their target price on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Barclays raised their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Morgan Stanley raised their price target on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their price target on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $460.00.

Insider Activity

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.29% of the company’s stock.

Deere & Company Stock Up 2.5 %

DE opened at $478.67 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The stock has a market capitalization of $129.92 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The business has a 50-day moving average of $466.59 and a two-hundred day moving average of $432.84. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05.

Deere & Company (NYSE:DE) last posted 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 return on equity of 27.31% and a net margin of 12.94%. On average, research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

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.