one8zero8 LLC Buys New Position in Deere & Company (NYSE:DE)

one8zero8 LLC purchased a new position in shares of Deere & Company (NYSE:DE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,190 shares of the industrial products company’s stock, valued at approximately $504,000.

Other institutional investors also recently made changes to their positions in the company. Choate Investment Advisors lifted its stake in Deere & Company by 1.2% during the fourth quarter. Choate Investment Advisors now owns 6,482 shares of the industrial products company’s stock valued at $2,748,000 after purchasing an additional 76 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Deere & Company by 32.4% in the fourth quarter. Natixis Advisors LLC now owns 220,918 shares of the industrial products company’s stock valued at $93,602,000 after buying an additional 54,022 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Deere & Company by 3.6% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,967 shares of the industrial products company’s stock valued at $1,681,000 after acquiring an additional 137 shares during the last quarter. Harrington Investments INC boosted its stake in shares of Deere & Company by 1.4% during the 4th quarter. Harrington Investments INC now owns 4,810 shares of the industrial products company’s stock worth $2,038,000 after acquiring an additional 67 shares in the last quarter. Finally, Clearstead Trust LLC acquired a new position in shares of Deere & Company in the 4th quarter worth $3,338,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction 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 approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DE shares. Morgan Stanley upped their target price on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Robert W. Baird reiterated a “neutral” rating and issued a $501.00 target price on shares of Deere & Company in a report on Monday, March 3rd. Baird R W lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Evercore ISI raised their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, Argus set a $510.00 target price on shares of Deere & Company in a research note on Friday, March 7th. One investment 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $460.00.

Deere & Company Trading Up 2.5 %

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

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

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s dividend payout ratio is currently 28.72%.

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.