Capital One National Association trimmed its stake in shares of Deere & Company (NYSE:DE) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,623 shares of the industrial products company’s stock after selling 833 shares during the quarter. Capital One National Association’s holdings in Deere & Company were worth $2,602,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. boosted its position in Deere & Company by 16.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,938 shares of the industrial products company’s stock worth $460,000 after purchasing an additional 422 shares during the period. Candriam Luxembourg S.C.A. boosted its position in Deere & Company by 9.6% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 21,677 shares of the industrial products company’s stock worth $3,393,000 after purchasing an additional 1,906 shares during the period. Capital Innovations LLC boosted its position in Deere & Company by 21.5% during the fourth quarter. Capital Innovations LLC now owns 7,330 shares of the industrial products company’s stock worth $1,147,000 after purchasing an additional 1,295 shares during the period. Iowa State Bank bought a new position in Deere & Company during the fourth quarter worth $235,000. Finally, Buckley Wealth Management LLC bought a new position in Deere & Company during the fourth quarter worth $252,000. 66.84% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on DE. Vetr cut shares of Deere & Company from a “strong-buy” rating to a “buy” rating and set a $168.58 price objective for the company. in a research report on Tuesday. Zacks Investment Research downgraded Deere & Company from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays set a $176.00 target price on Deere & Company and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, Seaport Global Securities reissued a “hold” rating on shares of Deere & Company in a report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $154.75.
In related news, insider James M. Field sold 22,095 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $170.06, for a total value of $3,757,475.70. Following the completion of the transaction, the insider now owns 95,832 shares of the company’s stock, valued at $16,297,189.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Max A. Guinn sold 11,235 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $168.68, for a total value of $1,895,119.80. Following the completion of the transaction, the insider now directly owns 39,406 shares of the company’s stock, valued at approximately $6,647,004.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 187,603 shares of company stock valued at $28,058,143. 0.74% of the stock is owned by insiders.
Deere & Company (NYSE DE) opened at $159.21 on Tuesday. The company has a market capitalization of $51,150.00, a PE ratio of 23.94, a P/E/G ratio of 2.32 and a beta of 0.75. Deere & Company has a 52 week low of $106.72 and a 52 week high of $171.96. 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 posted its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.10. The business had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. Deere & Company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. equities analysts expect that Deere & Company will post 8.15 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, December 29th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is presently 36.09%.
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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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