LGT Group Foundation Buys 27 Shares of Deere & Company (NYSE:DE)

LGT Group Foundation raised its holdings in shares of Deere & Company (NYSE:DE) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,103 shares of the industrial products company’s stock after purchasing an additional 27 shares during the period. LGT Group Foundation’s holdings in Deere & Company were worth $467,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. DJE Kapital AG purchased a new position in Deere & Company during the 4th quarter valued at about $4,119,000. SBI Securities Co. Ltd. purchased a new position in Deere & Company during the 4th quarter valued at about $421,000. Jones Financial Companies Lllp increased its position in Deere & Company by 29.2% during the 4th quarter. Jones Financial Companies Lllp now owns 134,393 shares of the industrial products company’s stock valued at $56,942,000 after purchasing an additional 30,361 shares during the period. Modera Wealth Management LLC increased its position in Deere & Company by 2.1% during the 4th quarter. Modera Wealth Management LLC now owns 6,432 shares of the industrial products company’s stock valued at $2,725,000 after purchasing an additional 131 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in Deere & Company by 174.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 444 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 282 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the 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 sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the topic of a number of research reports. Citigroup raised their target price on shares of Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Oppenheimer boosted their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research note on Friday, December 6th. Finally, UBS Group boosted their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $457.22.

Deere & Company Trading Down 3.2 %

Shares of Deere & Company stock opened at $465.37 on Tuesday. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The firm has a market capitalization of $126.74 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.14 and a beta of 0.98. The firm’s 50 day simple moving average is $457.61 and its two-hundred day simple moving average is $427.33.

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

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders 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 dividend yield of 1.39%. Deere & Company’s payout ratio is currently 28.72%.

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.