Signature Wealth Management Group Has $1.89 Million Holdings in Deere & Company (NYSE:DE)

Signature Wealth Management Group increased its holdings in shares of Deere & Company (NYSE:DE) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,467 shares of the industrial products company’s stock after acquiring an additional 139 shares during the period. Signature Wealth Management Group’s holdings in Deere & Company were worth $1,893,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. GWN Securities Inc. acquired a new position in Deere & Company during the fourth quarter worth $455,000. Patten & Patten Inc. TN boosted its holdings in Deere & Company by 3.8% during the fourth quarter. Patten & Patten Inc. TN now owns 2,206 shares of the industrial products company’s stock worth $935,000 after purchasing an additional 81 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Deere & Company by 1.2% during the fourth quarter. Harbour Investments Inc. now owns 5,622 shares of the industrial products company’s stock worth $2,382,000 after purchasing an additional 65 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Deere & Company by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 382,146 shares of the industrial products company’s stock worth $161,917,000 after purchasing an additional 4,214 shares during the last quarter. Finally, Gitterman Wealth Management LLC boosted its holdings in Deere & Company by 68.6% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,379 shares of the industrial products company’s stock worth $584,000 after purchasing an additional 561 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on DE. Argus set a $510.00 target price on shares of Deere & Company in a report on Friday, March 7th. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a research report on Friday, December 6th. Barclays upped their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI upped their price target on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley upped their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $460.00.

Deere & Company Trading Up 2.5 %

DE stock opened at $478.67 on Friday. 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’s 50-day simple moving average is $466.59 and its 200 day simple moving average is $433.24. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The company has a market capitalization of $129.92 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01.

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

Deere & Company Announces Dividend

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

Insiders Place Their Bets

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.29% of the company’s stock.

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.