Deere & Company (NYSE:DE) Shares Purchased by Tradewinds LLC.

Tradewinds LLC. boosted its holdings in shares of Deere & Company (NYSE:DE) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,820 shares of the industrial products company’s stock after acquiring an additional 1,006 shares during the quarter. Deere & Company comprises 1.9% of Tradewinds LLC.’s holdings, making the stock its 14th largest holding. Tradewinds LLC.’s holdings in Deere & Company were worth $6,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pineridge Advisors LLC increased its position in shares of Deere & Company by 60.5% during 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 stake in shares of Deere & Company during the fourth quarter valued at about $32,000. YANKCOM Partnership acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $34,000. Synergy Asset Management LLC purchased a new position in shares of Deere & Company during the 4th quarter worth approximately $35,000. Finally, Sierra Ocean LLC purchased a new stake in Deere & Company in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 1.1 %

NYSE DE opened at $470.31 on Tuesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The company has a market capitalization of $127.65 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The firm’s fifty day moving average price is $477.56 and its 200 day moving average price is $440.70.

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%. On average, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal 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 $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.38%. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. StockNews.com upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday. Baird R W lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research note on Friday, December 6th. Finally, Argus set a $510.00 price target on shares of Deere & Company in a research note on Friday, March 7th. Fourteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $460.00.

Insiders Place Their Bets

In related news, insider Rajesh Kalathur sold 24,580 shares of the firm’s 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. This trade represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by insiders.

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.