Deere & Company (NYSE:DE) Shares Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC boosted its holdings in Deere & Company (NYSE:DE) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,717 shares of the industrial products company’s stock after acquiring an additional 145 shares during the period. Schechter Investment Advisors LLC’s holdings in Deere & Company were worth $1,575,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Silver Coast Investments LLC lifted its holdings in Deere & Company by 3.7% in the fourth quarter. Silver Coast Investments LLC now owns 1,195 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 43 shares during the last quarter. Fidelis Capital Partners LLC raised its position in Deere & Company by 6.8% in the fourth quarter. Fidelis Capital Partners LLC now owns 2,446 shares of the industrial products company’s stock valued at $1,142,000 after purchasing an additional 156 shares during the period. LGT Fund Management Co Ltd. raised its position in Deere & Company by 18.8% in the fourth quarter. LGT Fund Management Co Ltd. now owns 1,054 shares of the industrial products company’s stock valued at $447,000 after purchasing an additional 167 shares during the period. Alesco Advisors LLC raised its position in Deere & Company by 7.5% in the fourth quarter. Alesco Advisors LLC now owns 649 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 45 shares during the period. Finally, LGT Group Foundation raised its position in Deere & Company by 2.5% in the fourth quarter. LGT Group Foundation now owns 1,103 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 27 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Down 3.2 %

NYSE DE opened at $465.37 on Tuesday. The stock has a market capitalization of $126.74 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.14 and a beta of 0.98. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05. The firm has a 50-day moving average price of $457.61 and a 200 day moving average price of $427.33. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.39%. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the firm’s 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 of the company’s stock, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DE shares. UBS Group upped their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. StockNews.com lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday. 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. Oppenheimer increased their target price on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Barclays increased their target price on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Deere & Company currently has an average rating of “Hold” and an average price target of $457.22.

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.