Deere & Company (NYSE:DE) Shares Bought by Appleton Partners Inc. MA

Appleton Partners Inc. MA raised its stake in shares of Deere & Company (NYSE:DE) by 79.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,536 shares of the industrial products company’s stock after purchasing an additional 1,561 shares during the period. Appleton Partners Inc. MA’s holdings in Deere & Company were worth $553,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DE. Bartlett & Co. LLC boosted its stake in Deere & Company by 552.8% during the third quarter. Bartlett & Co. LLC now owns 105,048 shares of the industrial products company’s stock valued at $13,193,000 after buying an additional 88,955 shares during the last quarter. Bank of Nova Scotia Trust Co. bought a new position in Deere & Company during the third quarter valued at approximately $302,000. Cutler Investment Counsel LLC boosted its stake in Deere & Company by 1.3% during the second quarter. Cutler Investment Counsel LLC now owns 88,361 shares of the industrial products company’s stock valued at $10,921,000 after buying an additional 1,164 shares during the last quarter. Sun Life Financial INC boosted its stake in Deere & Company by 12,552.9% during the second quarter. Sun Life Financial INC now owns 2,151 shares of the industrial products company’s stock valued at $266,000 after buying an additional 2,134 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Deere & Company by 7.7% during the third quarter. IFP Advisors Inc now owns 16,722 shares of the industrial products company’s stock valued at $2,100,000 after purchasing an additional 1,197 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.

In other news, insider John C. May II sold 18,626 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $130.76, for a total transaction of $2,435,535.76. Following the transaction, the insider now directly owns 37,462 shares in the company, valued at approximately $4,898,531.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James M. Field sold 48,427 shares of the business’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 disclosure for this sale can be found here. Over the last quarter, insiders sold 246,097 shares of company stock worth $35,868,394. 0.85% of the stock is currently owned by insiders.

A number of equities research analysts have issued reports on DE shares. BMO Capital Markets restated a “buy” rating and set a $150.00 price objective on shares of Deere & Company in a research report on Thursday, November 2nd. Wells Fargo & Co reiterated an “outperform” rating and issued a $200.00 price target (up from $170.00) on shares of Deere & Company in a report on Wednesday, January 10th. Barclays upgraded Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price target on the stock in a report on Wednesday, January 10th. Robert W. Baird reiterated a “hold” rating and issued a $140.00 price target on shares of Deere & Company in a report on Thursday, October 12th. Finally, Credit Suisse Group restated a “buy” rating and set a $162.00 price objective on shares of Deere & Company in a report on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $151.87.

Deere & Company (NYSE:DE) opened at $170.32 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 2.71. Deere & Company has a 52 week low of $105.04 and a 52 week high of $170.73. The firm has a market capitalization of $54,274.86, a PE ratio of 25.65, a P/E/G ratio of 2.51 and a beta of 0.77.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same quarter in the previous year, the business earned $0.90 EPS. Deere & Company’s revenue for the quarter was up 25.6% compared to the same quarter last year. research analysts forecast that Deere & Company will post 8.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, December 28th. Deere & Company’s payout ratio is 36.14%.

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Deere & Company 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.

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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