Sanctuary Advisors LLC Purchases 486 Shares of Deere & Company (NYSE:DE)

Sanctuary Advisors LLC grew its position in Deere & Company (NYSE:DE) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,897 shares of the industrial products company’s stock after buying an additional 486 shares during the period. Sanctuary Advisors LLC’s holdings in Deere & Company were worth $19,023,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. KLCM Advisors Inc. boosted its holdings in shares of Deere & Company by 6.2% in the fourth quarter. KLCM Advisors Inc. now owns 1,286 shares of the industrial products company’s stock valued at $545,000 after buying an additional 75 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of Deere & Company by 26.8% during the 4th quarter. Catalyst Capital Advisors LLC now owns 388 shares of the industrial products company’s stock worth $164,000 after acquiring an additional 82 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Deere & Company by 0.8% in the fourth quarter. Principal Financial Group Inc. now owns 929,815 shares of the industrial products company’s stock valued at $393,963,000 after purchasing an additional 7,807 shares during the last quarter. Capital Performance Advisors LLP lifted its position in shares of Deere & Company by 8,400.0% in the fourth quarter. Capital Performance Advisors LLP now owns 510 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 504 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Deere & Company during the 4th quarter worth about $44,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 3.0 %

Deere & Company stock opened at $480.17 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The business’s fifty day moving average is $446.95 and its 200 day moving average is $416.83. Deere & Company has a one year low of $340.20 and a one year high of $485.84. The stock has a market capitalization of $130.77 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. On average, sell-side analysts predict that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date was Tuesday, December 31st. Deere & Company’s dividend payout ratio is 25.31%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Oppenheimer lifted their price target on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Citigroup boosted their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a report on Friday. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, UBS Group boosted their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $450.12.

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.