Clarus Wealth Advisors decreased its stake in Deere & Company (NYSE:DE) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,390 shares of the industrial products company’s stock after selling 70 shares during the period. Clarus Wealth Advisors’ holdings in Deere & Company were worth $247,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. DRW Securities LLC bought a new position in shares of Deere & Company during the second quarter valued at $227,000. Man Group plc raised its stake in shares of Deere & Company by 250.1% during the third quarter. Man Group plc now owns 26,987 shares of the industrial products company’s stock valued at $4,552,000 after acquiring an additional 19,278 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Deere & Company by 0.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 649,925 shares of the industrial products company’s stock valued at $107,699,000 after acquiring an additional 2,598 shares during the last quarter. Charles Schwab Trust Co bought a new position in shares of Deere & Company during the third quarter valued at $1,303,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Deere & Company during the third quarter valued at $20,723,000. 67.53% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE DE opened at $173.43 on Friday. Deere & Company has a twelve month low of $132.68 and a twelve month high of $180.48. The firm has a fifty day simple moving average of $172.37 and a 200 day simple moving average of $166.53. The company has a market capitalization of $55.64 billion, a PE ratio of 17.92, a P/E/G ratio of 4.18 and a beta of 1.13. The company has a quick ratio of 1.80, a current ratio of 2.04 and a debt-to-equity ratio of 2.65.
Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 27th. The industrial products company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.01. The business had revenue of $8.70 billion during the quarter, compared to the consensus estimate of $8.41 billion. Deere & Company had a net margin of 8.29% and a return on equity of 27.11%. Deere & Company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 earnings per share. As a group, equities analysts expect that Deere & Company will post 9.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, December 30th. Deere & Company’s payout ratio is 30.58%.
Several equities analysts have recently issued reports on the stock. DZ Bank downgraded shares of Deere & Company from a “hold” rating to a “sell” rating and set a $148.00 price target for the company. in a research note on Friday, November 29th. BMO Capital Markets raised their price target on shares of Deere & Company from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Deutsche Bank reissued a “hold” rating and set a $169.00 target price (up previously from $155.00) on shares of Deere & Company in a research note on Wednesday, November 20th. Morgan Stanley lifted their target price on shares of Deere & Company from $180.00 to $197.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Finally, Barclays set a $180.00 target price on shares of Deere & Company and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $172.37.
In other Deere & Company news, insider James M. Field sold 12,637 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $180.00, for a total value of $2,274,660.00. Following the completion of the sale, the insider now directly owns 113,858 shares in the company, valued at $20,494,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Samuel R. Allen sold 114,253 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $178.30, for a total transaction of $20,371,309.90. Following the completion of the sale, the chairman now owns 423,497 shares of the company’s stock, valued at $75,509,515.10. The disclosure for this sale can be found here. Insiders sold 152,228 shares of company stock valued at $26,934,906 over the last 90 days. Corporate insiders own 0.71% of the company’s stock.
Deere & Company Company Profile
Deere & Company 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 offers agriculture and turf equipment, and related 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; and tillage, seeding, and application equipment.
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