2,000 Shares in Deere & Company (NYSE:DE) Purchased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new stake in Deere & Company (NYSE:DE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,000 shares of the industrial products company’s stock, valued at approximately $847,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Hollencrest Capital Management grew its stake in Deere & Company by 671.4% in the 3rd quarter. Hollencrest Capital Management now owns 270 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 235 shares during the last quarter. Easterly Investment Partners LLC acquired a new stake in shares of Deere & Company in the third quarter valued at approximately $204,000. CWA Asset Management Group LLC purchased a new position in shares of Deere & Company during the 3rd quarter worth approximately $17,187,000. Holistic Planning LLC acquired a new position in shares of Deere & Company during the 3rd quarter worth approximately $294,000. Finally, Windward Capital Management Co. CA lifted its stake in Deere & Company by 3.7% in the 3rd quarter. Windward Capital Management Co. CA now owns 16,478 shares of the industrial products company’s stock valued at $6,877,000 after buying an additional 593 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Up 3.5 %

Shares of Deere & Company stock opened at $499.73 on Friday. The company has a fifty day moving average price of $461.21 and a 200 day moving average price of $429.83. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The stock has a market cap of $135.63 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating 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 forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.30%. Deere & Company’s dividend payout ratio is currently 28.72%.

Insider Transactions at Deere & Company

In other 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 sale, the insider now directly owns 74,878 shares of the company’s stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

DE has been the subject of a number of analyst reports. UBS Group boosted their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Truist Financial reissued a “buy” rating and issued a $546.00 target price (down previously from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Evercore ISI raised their price target on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Oppenheimer increased their price target on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $457.22.

Deere & 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.