Crestwood Advisors Group LLC Buys 134 Shares of Deere & Company (NYSE:DE)

Crestwood Advisors Group LLC raised its stake in Deere & Company (NYSE:DE) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,895 shares of the industrial products company’s stock after acquiring an additional 134 shares during the period. Crestwood Advisors Group LLC’s holdings in Deere & Company were worth $1,226,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Deere & Company in the 4th quarter worth about $1,073,000. Union Bancaire Privee UBP SA bought a new stake in Deere & Company during the fourth quarter worth about $3,771,000. Delta Financial Group Inc. bought a new stake in Deere & Company during the fourth quarter worth about $301,000. Summit Asset Management LLC increased its holdings in shares of Deere & Company by 3.1% during the fourth quarter. Summit Asset Management LLC now owns 3,300 shares of the industrial products company’s stock worth $1,398,000 after buying an additional 100 shares in the last quarter. Finally, Spectrum Financial Alliance Ltd LLC raised its stake in shares of Deere & Company by 2.9% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company’s stock valued at $21,021,000 after acquiring an additional 1,407 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the transaction, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DE. Oppenheimer increased their price target on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Evercore ISI increased their target price on Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, StockNews.com cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Hold” and a consensus target price of $454.65.

Deere & Company Stock Down 1.2 %

NYSE:DE opened at $484.24 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The stock’s fifty day simple moving average is $452.99 and its 200-day simple moving average is $422.92. The firm has a market capitalization of $131.88 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.14 and a beta of 0.98.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were issued a dividend of $1.62 per share. The ex-dividend date was Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.34%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s payout ratio is currently 28.72%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.