Signaturefd LLC Grows Stake in Deere & Company (NYSE:DE)

Signaturefd LLC increased its holdings in Deere & Company (NYSE:DE) by 2.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,442 shares of the industrial products company’s stock after buying an additional 147 shares during the period. Signaturefd LLC’s holdings in Deere & Company were worth $2,306,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DE. Atlanta Consulting Group Advisors LLC bought a new position in shares of Deere & Company in the third quarter worth approximately $344,000. Claro Advisors LLC increased its holdings in shares of Deere & Company by 11.5% in the 3rd quarter. Claro Advisors LLC now owns 1,293 shares of the industrial products company’s stock worth $540,000 after buying an additional 133 shares during the last quarter. Prudent Man Advisors LLC raised its position in shares of Deere & Company by 69.5% during the 3rd quarter. Prudent Man Advisors LLC now owns 2,203 shares of the industrial products company’s stock valued at $919,000 after buying an additional 903 shares in the last quarter. First Western Trust Bank lifted its holdings in shares of Deere & Company by 9.1% during the 3rd quarter. First Western Trust Bank now owns 716 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 60 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in Deere & Company in the third quarter worth $376,000. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the subject of several research analyst reports. Citigroup lifted their price target on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Argus set a $510.00 price target on shares of Deere & Company in a research note on Friday, March 7th. Truist Financial restated a “buy” rating and issued a $546.00 price objective (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. UBS Group lifted their target price on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, Morgan Stanley upped their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $460.00.

Insider Buying and Selling

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is currently owned by insiders.

Deere & Company Price Performance

DE stock opened at $482.59 on Tuesday. The firm has a 50-day moving average of $467.88 and a 200 day moving average of $434.34. 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 cap of $130.98 billion, a P/E ratio of 21.39, a PEG ratio of 2.14 and a beta of 1.01. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05.

Deere & Company (NYSE:DE) last released its earnings results 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, sell-side analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm 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 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 1.34%. Deere & Company’s dividend payout ratio (DPR) 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.