TD Private Client Wealth LLC Increases Stock Holdings in Deere & Company (NYSE:DE)

TD Private Client Wealth LLC increased its holdings in shares of Deere & Company (NYSE:DE) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,075 shares of the industrial products company’s stock after buying an additional 96 shares during the quarter. TD Private Client Wealth LLC’s holdings in Deere & Company were worth $879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Gutierrez Wealth Advisory LLC purchased a new position in Deere & Company during the fourth quarter worth approximately $474,000. Lee Danner & Bass Inc. purchased a new position in shares of Deere & Company in the 4th quarter worth $115,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Deere & Company by 0.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 10,118 shares of the industrial products company’s stock valued at $4,287,000 after acquiring an additional 59 shares during the last quarter. Douglass Winthrop Advisors LLC grew its position in Deere & Company by 1.5% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 277,304 shares of the industrial products company’s stock valued at $117,494,000 after acquiring an additional 4,097 shares during the period. Finally, Wilkins Investment Counsel Inc. increased its stake in Deere & Company by 68.5% during the fourth quarter. Wilkins Investment Counsel Inc. now owns 4,205 shares of the industrial products company’s stock worth $1,782,000 after acquiring an additional 1,710 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of DE stock opened at $471.90 on Monday. The stock has a market capitalization of $128.08 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.14 and a beta of 1.01. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The company’s 50-day simple moving average is $473.25 and its 200-day simple moving average is $436.88. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22.

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

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.37%. Deere & Company’s payout ratio is 28.72%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of research analyst reports. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research report on Friday, December 6th. Argus set a $510.00 price objective on shares of Deere & Company in a research report on Friday, March 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $501.00 price target on shares of Deere & Company in a research report on Monday, March 3rd. Baird R W downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Oppenheimer boosted their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Hold” and an average target price of $460.00.

Insiders Place Their Bets

In other Deere & Company 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 completion of the transaction, the insider now directly owns 74,878 shares in the company, 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. 0.29% of the stock is owned by corporate insiders.

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.