1,628 Shares in Deere & Company (NYSE:DE) Acquired by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. acquired a new stake in Deere & Company (NYSE:DE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,628 shares of the industrial products company’s stock, valued at approximately $690,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pineridge Advisors LLC raised its holdings in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 26 shares during the period. Modus Advisors LLC purchased a new stake in shares of Deere & Company in the fourth quarter valued at approximately $32,000. YANKCOM Partnership acquired a new stake in shares of Deere & Company in the 4th quarter worth $34,000. Synergy Asset Management LLC purchased a new stake in shares of Deere & Company in the 4th quarter valued at approximately $35,000. Finally, Sierra Ocean LLC acquired a new stake in Deere & Company during the fourth quarter worth $44,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Down 1.1 %

NYSE DE opened at $471.90 on Friday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The stock has a market cap of $128.08 billion, a PE ratio of 20.92, a PEG ratio of 2.14 and a beta of 1.01. The firm has a 50-day simple moving average of $473.25 and a 200 day simple moving average of $436.57. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping 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%. On average, research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business 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. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.37%. Deere & Company’s payout ratio is 28.72%.

Analyst Ratings Changes

Several research firms have recently commented on DE. JPMorgan Chase & Co. raised their price target on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Evercore ISI increased their target price on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Citigroup raised their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Argus set a $510.00 price target on Deere & Company in a research report on Friday, March 7th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $501.00 target price on shares of Deere & Company in a research note on Monday, March 3rd. One investment 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. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of “Hold” and an average target price of $460.00.

Insider Activity

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.