Deere & Company (NYSE:DE) Shares Acquired by Atria Investments Inc

Atria Investments Inc grew its position in Deere & Company (NYSE:DE) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,822 shares of the industrial products company’s stock after buying an additional 1,243 shares during the quarter. Atria Investments Inc’s holdings in Deere & Company were worth $5,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DE. United Advisor Group LLC acquired a new stake in shares of Deere & Company in the third quarter valued at $232,000. Catalina Capital Group LLC grew its stake in shares of Deere & Company by 3.7% in the third quarter. Catalina Capital Group LLC now owns 1,047 shares of the industrial products company’s stock valued at $437,000 after buying an additional 37 shares in the last quarter. Radnor Capital Management LLC acquired a new stake in shares of Deere & Company in the third quarter valued at $243,000. Forte Capital LLC ADV boosted its holdings in Deere & Company by 6.3% in the third quarter. Forte Capital LLC ADV now owns 1,646 shares of the industrial products company’s stock valued at $687,000 after purchasing an additional 98 shares during the period. Finally, Financial Enhancement Group LLC purchased a new position in Deere & Company in the third quarter valued at $6,761,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group lifted their target price on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. lifted their target price on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Robert W. Baird reiterated a “neutral” rating and issued a $501.00 target price on shares of Deere & Company in a report on Monday. StockNews.com lowered Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Finally, Oppenheimer lifted their target price on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $457.22.

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 value of $12,304,993.80. Following the transaction, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by insiders.

Deere & Company Stock Up 3.4 %

Deere & Company stock opened at $483.19 on Friday. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $515.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The company has a market capitalization of $131.60 billion, a P/E ratio of 21.42, a PEG ratio of 2.14 and a beta of 0.98. The stock has a 50-day simple moving average of $459.82 and a 200-day simple moving average of $428.56.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.34%. The ex-dividend date is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is presently 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.