Hyman Charles D raised its position in Deere & Company (NYSE:DE) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,369 shares of the industrial products company’s stock after acquiring an additional 1,289 shares during the period. Deere & Company comprises approximately 2.7% of Hyman Charles D’s holdings, making the stock its 6th largest holding. Hyman Charles D’s holdings in Deere & Company were worth $36,430,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. BancorpSouth Bank raised its holdings in Deere & Company by 295.2% in the 4th quarter. BancorpSouth Bank now owns 5,355 shares of the industrial products company’s stock valued at $1,441,000 after acquiring an additional 4,000 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of Deere & Company by 194.9% in the 4th quarter. Great Valley Advisor Group Inc. now owns 8,193 shares of the industrial products company’s stock worth $2,204,000 after buying an additional 5,415 shares in the last quarter. Signet Investment Advisory Group Inc. acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $961,000. Brendel Financial Advisors LLC acquired a new position in shares of Deere & Company in the 1st quarter worth approximately $2,970,000. Finally, First United Bank Trust raised its holdings in shares of Deere & Company by 6.9% in the 4th quarter. First United Bank Trust now owns 3,206 shares of the industrial products company’s stock worth $863,000 after buying an additional 208 shares in the last quarter. 66.77% of the stock is owned by hedge funds and other institutional investors.
DE traded up $4.25 during mid-day trading on Tuesday, reaching $378.02. The stock had a trading volume of 21,655 shares, compared to its average volume of 1,723,536. The stock has a market capitalization of $118.49 billion, a P/E ratio of 42.96, a P/E/G ratio of 1.43 and a beta of 0.96. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.03 and a current ratio of 2.24. The firm’s fifty day simple moving average is $374.56 and its two-hundred day simple moving average is $305.50. Deere & Company has a 52 week low of $117.85 and a 52 week high of $392.42.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 10th. Stockholders of record on Wednesday, March 31st will be given a $0.90 dividend. This is a positive change from Deere & Company’s previous quarterly dividend of $0.76. This represents a $3.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, March 30th. Deere & Company’s dividend payout ratio (DPR) is currently 41.43%.
A number of equities analysts have recently issued reports on DE shares. Deutsche Bank Aktiengesellschaft increased their target price on Deere & Company from $360.00 to $402.00 and gave the stock a “hold” rating in a report on Monday, April 19th. Jefferies Financial Group increased their target price on Deere & Company from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, January 15th. Wolfe Research began coverage on Deere & Company in a report on Monday, April 19th. They issued an “outperform” rating and a $425.00 target price for the company. Stifel Nicolaus raised their price target on Deere & Company from $325.00 to $365.00 and gave the company a “buy” rating in a report on Monday, March 1st. Finally, Morgan Stanley raised their price target on Deere & Company from $394.00 to $410.00 and gave the company an “overweight” rating in a report on Monday, April 19th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $327.95.
About Deere & Company
Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.
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