Appleton Partners Inc. MA increased its position in shares of Deere & Company (NYSE:DE) by 79.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,536 shares of the industrial products company’s stock after buying an additional 1,561 shares during the quarter. Appleton Partners Inc. MA’s holdings in Deere & Company were worth $553,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of DE. QCI Asset Management Inc. NY grew its holdings in shares of Deere & Company by 18.8% during the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after buying an additional 150 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Deere & Company during the third quarter worth about $144,000. Harfst & Associates Inc. grew its holdings in shares of Deere & Company by 44.2% during the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after buying an additional 360 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Deere & Company by 1.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after buying an additional 13 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of Deere & Company during the second quarter worth about $155,000. Institutional investors and hedge funds own 67.36% of the company’s stock.
DE has been the subject of a number of research reports. Wells Fargo & Co reiterated a “buy” rating and set a $170.00 price objective on shares of Deere & Company in a report on Thursday, November 23rd. Deutsche Bank raised Deere & Company from a “hold” rating to a “buy” rating and increased their price target for the company from $149.00 to $167.00 in a research report on Thursday, November 23rd. Zacks Investment Research raised Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, November 2nd. BMO Capital Markets reissued a “buy” rating and set a $150.00 price target on shares of Deere & Company in a research report on Thursday, November 2nd. Finally, Argus reissued a “buy” rating and set a $165.00 price target on shares of Deere & Company in a research report on Monday, November 27th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. Deere & Company presently has an average rating of “Buy” and an average price target of $146.88.
Shares of Deere & Company (NYSE DE) opened at $169.30 on Friday. Deere & Company has a 52-week low of $103.99 and a 52-week high of $170.73. The stock has a market capitalization of $54,021.76, a P/E ratio of 25.50, a PEG ratio of 2.53 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95.
Deere & Company (NYSE:DE) last released its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The company had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same period last year, the firm posted $0.90 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis. sell-side analysts anticipate that Deere & Company will post 8.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.42%. Deere & Company’s payout ratio is 36.14%.
In other news, insider James M. Field sold 48,427 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $147.98, for a total value of $7,166,227.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rajesh Kalathur sold 4,519 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total value of $672,969.48. Following the completion of the sale, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 212,767 shares of company stock valued at $30,215,798. Insiders own 0.85% of the company’s stock.
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Deere & Company Profile
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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