Samjo Management LLC Has $2.13 Million Stock Holdings in Deere & Company (NYSE:DE)

Samjo Management LLC reduced its position in Deere & Company (NYSE:DE) by 2.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,015 shares of the industrial products company’s stock after selling 120 shares during the period. Samjo Management LLC’s holdings in Deere & Company were worth $2,125,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DE. Pineridge Advisors LLC boosted its stake in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. Modus Advisors LLC bought a new position in Deere & Company in the fourth quarter valued at approximately $32,000. YANKCOM Partnership bought a new stake in shares of Deere & Company during the 4th quarter valued at $34,000. Synergy Asset Management LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $35,000. Finally, Continuum Advisory LLC boosted its position in shares of Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business’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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Deere & Company Trading Down 3.8 %

Deere & Company stock opened at $430.25 on Friday. 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 firm has a 50-day moving average of $476.55 and a 200-day moving average of $441.78. The company has a market cap of $116.78 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 2.14 and a beta of 1.01. Deere & Company has a one year low of $340.20 and a one year high of $515.05.

Deere & Company (NYSE:DE) last posted its quarterly earnings results 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 return on equity of 27.31% and a net margin of 12.94%. On average, equities analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is currently 28.72%.

Analyst Ratings Changes

DE has been the subject of a number of recent analyst reports. Evercore ISI upped their price objective on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. StockNews.com raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, March 29th. JPMorgan Chase & Co. upped their target price 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. Argus set a $510.00 price target on shares of Deere & Company in a research report on Friday, March 7th. Finally, Citigroup upped their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Fourteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Hold” and an average target price of $460.00.

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.