IQ EQ FUND MANAGEMENT IRELAND Ltd Has $9.27 Million Holdings in Deere & Company (NYSE:DE)

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Deere & Company (NYSE:DE) by 5.0% in the fourth quarter, HoldingsChannel reports. The firm owned 21,880 shares of the industrial products company’s stock after acquiring an additional 1,035 shares during the period. Deere & Company makes up 1.1% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s portfolio, making the stock its 17th biggest position. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Deere & Company were worth $9,271,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Pineridge Advisors LLC grew its stake in shares of Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Deere & Company in the 4th quarter valued at $32,000. YANKCOM Partnership bought a new stake in shares of Deere & Company during the fourth quarter worth $34,000. Synergy Asset Management LLC bought a new stake in shares of Deere & Company during the fourth quarter worth $35,000. Finally, Continuum Advisory LLC lifted its stake in shares of Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the period. Institutional investors own 68.58% of the company’s stock.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the firm’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 completion of the transaction, the insider now owns 74,878 shares of the company’s stock, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by insiders.

Deere & Company Stock Up 0.9 %

Deere & Company stock opened at $483.48 on Thursday. The company has a 50 day moving average of $476.30 and a 200-day moving average of $438.57. 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 twelve month low of $340.20 and a twelve month high of $515.05. The stock has a market capitalization of $131.22 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping 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, equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on DE. Oppenheimer boosted their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. StockNews.com downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Robert W. Baird reaffirmed a “neutral” rating and issued a $501.00 price objective on shares of Deere & Company in a research note on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Finally, Argus set a $510.00 price target on Deere & Company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $460.00.

Deere & Company 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.