20,500 Shares in Deere & Company (NYSE:DE) Bought by Andra AP fonden

Andra AP fonden acquired a new stake in shares of Deere & Company (NYSE:DE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,500 shares of the industrial products company’s stock, valued at approximately $8,686,000.

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

Deere & Company Stock Up 3.5 %

Shares of DE opened at $499.73 on Friday. The firm has a market cap of $135.63 billion, a P/E ratio of 22.15, a PEG ratio of 2.14 and a beta of 1.01. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The stock’s 50 day moving average is $461.21 and its two-hundred day moving average is $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 (NYSE:DE) last released its quarterly 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 net margin of 12.94% and a return on equity of 27.31%. Analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.30%. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Wall Street Analyst Weigh In

DE has been the subject of several research reports. Truist Financial reiterated a “buy” rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a report on Friday, December 6th. Oppenheimer upped their target price on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. 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 report on Wednesday, February 19th. Finally, Baird R W lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Deere & Company has a consensus rating of “Hold” and a consensus price target of $457.22.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares of the company’s stock, valued at $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 SEC, which is available at this link. Corporate insiders own 0.29% of the company’s stock.

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.