1,469 Shares in Deere & Company (NYSE:DE) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new stake in shares of Deere & Company (NYSE:DE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,469 shares of the industrial products company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pillar Pacific Capital Management LLC boosted its stake in shares of Deere & Company by 0.7% during the fourth quarter. Pillar Pacific Capital Management LLC now owns 46,477 shares of the industrial products company’s stock valued at $7,274,000 after purchasing an additional 310 shares during the period. Dupont Capital Management Corp boosted its stake in shares of Deere & Company by 22.8% during the fourth quarter. Dupont Capital Management Corp now owns 1,681 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 312 shares during the period. Advisor Partners LLC boosted its stake in shares of Deere & Company by 4.4% during the fourth quarter. Advisor Partners LLC now owns 7,730 shares of the industrial products company’s stock valued at $1,317,000 after purchasing an additional 323 shares during the period. Cetera Advisor Networks LLC boosted its stake in shares of Deere & Company by 3.6% during the fourth quarter. Cetera Advisor Networks LLC now owns 10,268 shares of the industrial products company’s stock valued at $1,607,000 after purchasing an additional 355 shares during the period. Finally, V Wealth Management LLC boosted its stake in shares of Deere & Company by 6.9% during the fourth quarter. V Wealth Management LLC now owns 5,634 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 364 shares during the period. Institutional investors and hedge funds own 67.32% of the company’s stock.

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In other news, VP Mary K.W. Jones sold 10,220 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $165.06, for a total transaction of $1,686,913.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Samuel R. Allen sold 269,353 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $163.83, for a total value of $44,128,101.99. Following the transaction, the chief executive officer now owns 361,166 shares of the company’s stock, valued at $59,169,825.78. The disclosure for this sale can be found here. Insiders have sold 380,397 shares of company stock valued at $62,811,005 in the last three months. Insiders own 0.74% of the company’s stock.

Shares of DE stock opened at $145.39 on Friday. Deere & Company has a 52 week low of $107.04 and a 52 week high of $175.26. The firm has a market capitalization of $48,105.16, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 2.75 and a beta of 0.80. 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 (NYSE:DE) last announced its quarterly earnings data 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. The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.41 billion. Deere & Company had a return on equity of 27.18% and a net margin of 4.57%. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. sell-side analysts anticipate that Deere & Company will post 9.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Thursday, March 29th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, March 28th. Deere & Company’s dividend payout ratio is currently 35.93%.

A number of research firms have recently weighed in on DE. TheStreet lowered Deere & Company from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. Wells Fargo reissued an “outperform” rating and set a $200.00 price objective (up previously from $170.00) on shares of Deere & Company in a research note on Wednesday, January 10th. Royal Bank of Canada raised Deere & Company from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from $190.00 to $155.00 in a research note on Wednesday, January 10th. Barclays raised Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price objective for the company in a research note on Wednesday, January 10th. Finally, ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two research 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 an average rating of “Buy” and an average target price of $172.07.

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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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