Blue Edge Capital LLC lifted its stake in shares of Deere & Company (NYSE:DE) by 72.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,119 shares of the industrial products company’s stock after buying an additional 4,662 shares during the quarter. Blue Edge Capital LLC’s holdings in Deere & Company were worth $1,740,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Deere & Company during the 4th quarter worth about $101,000. Icon Wealth Partners LLC bought a new position in Deere & Company during the fourth quarter worth about $110,000. Cerebellum GP LLC bought a new position in Deere & Company during the fourth quarter worth about $132,000. TCI Wealth Advisors Inc. increased its position in Deere & Company by 107.3% during the fourth quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 458 shares during the period. Finally, Wealthcare Advisory Partners LLC bought a new position in Deere & Company during the third quarter worth about $144,000. Institutional investors own 67.31% of the company’s stock.
Deere & Company (DE) opened at $159.53 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 1.98 and a debt-to-equity ratio of 2.85. Deere & Company has a 1-year low of $106.93 and a 1-year high of $175.26. The company has a market cap of $53,062.35, a PE ratio of 36.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76.
Deere & Company (NYSE:DE) last released its earnings results on Friday, February 16th. The industrial products company reported $1.31 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 firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.41 billion. During the same period last year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. equities research analysts predict that Deere & Company will post 9.53 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Thursday, March 29th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, March 28th. Deere & Company’s dividend payout ratio is currently 54.92%.
In other Deere & Company news, VP Mary K.W. Jones sold 20,086 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $172.25, for a total value of $3,459,813.50. Following the transaction, the vice president now directly owns 62,299 shares of the company’s stock, valued at approximately $10,731,002.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Samuel R. Allen sold 269,353 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $163.83, for a total transaction of $44,128,101.99. Following the completion of the transaction, the chief executive officer now directly owns 361,166 shares in the company, valued at $59,169,825.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 380,397 shares of company stock worth $62,811,005. Insiders own 0.74% of the company’s stock.
A number of equities analysts recently commented on DE shares. Wells Fargo reaffirmed an “outperform” rating and set a $200.00 price target (up from $170.00) on shares of Deere & Company in a research report on Wednesday, January 10th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $160.00 price target (up from $142.00) on shares of Deere & Company in a research report on Thursday, February 15th. ValuEngine raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley started coverage on shares of Deere & Company in a research report on Friday, March 2nd. They set an “overweight” rating and a $195.00 price target on the stock. Finally, BMO Capital Markets raised their price target on shares of Deere & Company to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $172.07.
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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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