Deere & Company $DE Shares Purchased by Lion Street Advisors LLC

Lion Street Advisors LLC grew its position in shares of Deere & Company (NYSE:DEFree Report) by 113.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,532 shares of the industrial products company’s stock after purchasing an additional 814 shares during the quarter. Lion Street Advisors LLC’s holdings in Deere & Company were worth $701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DE. Norges Bank acquired a new stake in shares of Deere & Company during the second quarter worth $1,578,243,000. Marshall Wace LLP increased its stake in Deere & Company by 573.9% in the second quarter. Marshall Wace LLP now owns 842,882 shares of the industrial products company’s stock valued at $428,597,000 after purchasing an additional 717,808 shares during the last quarter. Laurel Wealth Advisors LLC lifted its position in Deere & Company by 50,691.9% during the second quarter. Laurel Wealth Advisors LLC now owns 332,179 shares of the industrial products company’s stock worth $168,910,000 after buying an additional 331,525 shares during the period. Vanguard Group Inc. boosted its stake in Deere & Company by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company’s stock worth $11,376,279,000 after buying an additional 309,081 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in Deere & Company by 26.8% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,386,321 shares of the industrial products company’s stock valued at $704,930,000 after buying an additional 292,932 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Deere & Company

In other Deere & Company news, insider Cory J. Reed sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the transaction, the insider owned 20,792 shares in the company, valued at $10,603,920. This represents a 36.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. May II sold 41,472 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the completion of the sale, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at $59,160,775.30. This trade represents a 26.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 64,578 shares of company stock valued at $32,471,682. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DE shares. BMO Capital Markets increased their price objective on shares of Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a report on Friday. Oppenheimer reaffirmed an “outperform” rating and set a $715.00 price target on shares of Deere & Company in a research note on Friday. Evercore reiterated a “positive” rating on shares of Deere & Company in a report on Friday, November 28th. Morgan Stanley restated an “overweight” rating and set a $560.00 price objective on shares of Deere & Company in a report on Tuesday, December 9th. Finally, Daiwa Securities Group cut their target price on Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 2nd. Fifteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and a consensus price target of $607.20.

View Our Latest Analysis on DE

Deere & Company Price Performance

Deere & Company stock opened at $662.74 on Friday. Deere & Company has a 52-week low of $404.42 and a 52-week high of $674.19. The firm has a fifty day moving average of $522.56 and a 200-day moving average of $491.27. The firm has a market capitalization of $179.65 billion, a P/E ratio of 37.36, a PEG ratio of 2.64 and a beta of 1.02. The company has a quick ratio of 2.01, a current ratio of 2.21 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DEGet Free Report) last posted its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. During the same quarter in the previous year, the business posted $3.19 EPS. The business’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st were given a $1.62 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio is presently 36.53%.

More Deere & Company News

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About Deere & Company

(Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

Further Reading

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DEFree Report).

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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