Deere & Company (NYSE:DE) Position Raised by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its position in shares of Deere & Company (NYSE:DE) by 11.6% in the 4th quarter, Holdings Channel reports. The fund owned 32,665 shares of the industrial products company’s stock after buying an additional 3,407 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Deere & Company were worth $13,840,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of DE. Pineridge Advisors LLC grew its position 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 last quarter. Modus Advisors LLC acquired a new position in shares of Deere & Company during the fourth quarter worth approximately $32,000. YANKCOM Partnership bought a new position in Deere & Company in the 4th quarter worth approximately $34,000. Synergy Asset Management LLC acquired a new stake in Deere & Company in the 4th quarter valued at approximately $35,000. Finally, Continuum Advisory LLC raised its stake in Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Insider Activity at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company 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 transaction, the insider now owns 74,878 shares of the company’s stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DE shares. Robert W. Baird reissued a “neutral” rating and issued a $501.00 price target on shares of Deere & Company in a research note on Monday, March 3rd. StockNews.com raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research report on Friday, December 6th. Finally, Argus set a $510.00 price target on Deere & Company in a research note on Friday, March 7th. Fourteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $460.00.

Deere & Company Price Performance

DE stock opened at $465.27 on Monday. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The firm has a 50-day moving average of $477.28 and a two-hundred day moving average of $440.12. The firm has a market capitalization of $126.28 billion, a PE ratio of 20.62, a P/E/G ratio of 2.14 and a beta of 1.01. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94.

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

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be issued 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 dividend yield of 1.39%. Deere & Company’s dividend payout ratio is 28.72%.

About Deere & Company

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.