Deere & Company (NYSE:DE) Shares Purchased by Addison Capital Co

Addison Capital Co raised its holdings in shares of Deere & Company (NYSE:DE) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 905 shares of the industrial products company’s stock after acquiring an additional 32 shares during the quarter. Addison Capital Co’s holdings in Deere & Company were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in Deere & Company by 69.8% in the 3rd quarter. Empowered Funds LLC now owns 14,020 shares of the industrial products company’s stock valued at $5,851,000 after purchasing an additional 5,764 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Deere & Company by 9.3% in the third quarter. Natixis Advisors LLC now owns 166,896 shares of the industrial products company’s stock valued at $69,652,000 after buying an additional 14,137 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Deere & Company during the third quarter valued at approximately $204,000. Schear Investment Advisers LLC boosted its position in Deere & Company by 16.5% during the third quarter. Schear Investment Advisers LLC now owns 2,249 shares of the industrial products company’s stock worth $939,000 after acquiring an additional 318 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Deere & Company in the third quarter valued at $344,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Insider Activity at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction on Tuesday, February 18th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 0.29% of the stock is owned by corporate insiders.

Deere & Company Stock Performance

Shares of DE opened at $478.67 on Monday. The firm has a market cap of $129.92 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 2.14 and a beta of 1.01. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The business’s 50 day moving average is $466.59 and its two-hundred day moving average is $433.63. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be paid a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup upped their price target on shares of Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price target on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Evercore ISI upped their price target on Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a report on Friday, December 6th. Finally, StockNews.com downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company presently has an average rating of “Hold” and an average target price of $460.00.

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.