FDx Advisors Inc. Has $1.95 Million Stake in Deere & Company (DE)

FDx Advisors Inc. lowered its position in shares of Deere & Company (NYSE:DE) by 57.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,473 shares of the industrial products company’s stock after selling 16,805 shares during the period. FDx Advisors Inc.’s holdings in Deere & Company were worth $1,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DE. Pillar Pacific Capital Management LLC increased its stake in shares of Deere & Company by 0.7% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 46,477 shares of the industrial products company’s stock worth $7,274,000 after buying an additional 310 shares during the last quarter. Dupont Capital Management Corp increased its stake in shares of Deere & Company by 22.8% in the fourth quarter. Dupont Capital Management Corp now owns 1,681 shares of the industrial products company’s stock worth $263,000 after buying an additional 312 shares during the last quarter. Advisor Partners LLC increased its stake in shares of Deere & Company by 4.4% in the fourth quarter. Advisor Partners LLC now owns 7,730 shares of the industrial products company’s stock worth $1,317,000 after buying an additional 323 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in shares of Deere & Company by 3.6% in the fourth quarter. Cetera Advisor Networks LLC now owns 10,268 shares of the industrial products company’s stock worth $1,607,000 after buying an additional 355 shares during the last quarter. Finally, V Wealth Management LLC increased its stake in shares of Deere & Company by 6.9% in the fourth quarter. V Wealth Management LLC now owns 5,634 shares of the industrial products company’s stock worth $950,000 after buying an additional 364 shares during the last quarter. Institutional investors own 66.24% of the company’s stock.

In other news, insider Cory J. Reed sold 6,416 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total transaction of $972,280.64. Following the completion of the transaction, the insider now owns 11,383 shares of the company’s stock, valued at $1,724,979.82. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Mary K.W. Jones sold 34,136 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $124.72, for a total transaction of $4,257,441.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 239,872 shares of company stock valued at $36,859,369. Corporate insiders own 0.74% of the company’s stock.

A number of brokerages recently issued reports on DE. Zacks Investment Research lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, February 19th. TheStreet lowered shares of Deere & Company from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. Deutsche Bank lifted their price target on shares of Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a research note on Thursday, November 16th. Credit Suisse Group restated an “outperform” rating and issued a $231.00 price target (up previously from $198.00) on shares of Deere & Company in a research note on Tuesday. Finally, Seaport Global Securities restated a “hold” rating on shares of Deere & Company in a research note on Thursday, January 18th. Two investment 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’s stock. The company has an average rating of “Buy” and an average target price of $170.86.

Deere & Company (NYSE DE) opened at $166.24 on Friday. Deere & Company has a 1-year low of $106.72 and a 1-year high of $175.26. The stock has a market cap of $53,065.88, a price-to-earnings ratio of 38.04, a PEG ratio of 2.13 and a beta of 0.75. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt-to-equity ratio of 2.85.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Friday, February 16th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.15. Deere & Company had a net margin of 4.57% and a return on equity of 27.18%. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.41 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. sell-side analysts expect that Deere & Company will post 9.4 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is 54.92%.

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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.

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

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