Aull & Monroe Investment Management Corp cut its position in Deere & Company (NYSE:DE) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,842 shares of the industrial products company’s stock after selling 900 shares during the quarter. Deere & Company comprises 2.2% of Aull & Monroe Investment Management Corp’s holdings, making the stock its 12th biggest position. Aull & Monroe Investment Management Corp’s holdings in Deere & Company were worth $4,358,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of DE. Cerebellum GP LLC bought a new stake in shares of Deere & Company during the 4th quarter worth about $132,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Deere & Company during the 3rd quarter worth about $144,000. Harfst & Associates Inc. raised its position in shares of Deere & Company by 44.2% during the 2nd 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 raised its position in shares of Deere & Company by 1.1% during the 2nd 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 stake in shares of Deere & Company during the 2nd quarter worth about $155,000. Hedge funds and other institutional investors own 66.84% of the company’s stock.
In related news, CFO Rajesh Kalathur sold 4,519 shares of the business’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 transaction of $672,969.48. Following the transaction, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James M. Field sold 22,095 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $170.06, for a total transaction of $3,757,475.70. Following the transaction, the insider now directly owns 95,832 shares in the company, valued at $16,297,189.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 187,603 shares of company stock worth $28,058,143. 0.74% of the stock is currently owned by insiders.
DE has been the topic of a number of recent analyst reports. Deutsche Bank upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and boosted their price target for the stock from $149.00 to $167.00 in a research report on Thursday, November 23rd. Zacks Investment Research upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, November 2nd. Barclays initiated coverage on shares of Deere & Company in a research report on Tuesday, December 12th. They set an “overweight” rating and a $167.00 price target on the stock. Citigroup boosted their price target on shares of Deere & Company from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, ValuEngine raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $154.75.
Deere & Company (NYSE:DE) opened at $159.21 on Tuesday. The firm has a market cap of $50,082.22, a P/E ratio of 23.98, a PEG ratio of 2.32 and a beta of 0.75. 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 1 year low of $106.72 and a 1 year high of $171.96.
Deere & Company (NYSE:DE) last released its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The business had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. research analysts predict that Deere & Company will post 8.15 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is currently 36.14%.
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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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