Aviso Financial Inc. Increases Holdings in Deere & Company (NYSE:DE)

Aviso Financial Inc. lifted its position in shares of Deere & Company (NYSE:DE) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,054 shares of the industrial products company’s stock after purchasing an additional 203 shares during the quarter. Aviso Financial Inc.’s holdings in Deere & Company were worth $1,294,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pineridge Advisors LLC raised its holdings 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 valued at $29,000 after buying an additional 26 shares in the last quarter. Modus Advisors LLC bought a new position in Deere & Company during the 4th quarter worth approximately $32,000. YANKCOM Partnership bought a new position in Deere & Company during the 4th quarter worth approximately $34,000. Synergy Asset Management LLC bought a new position in Deere & Company during the 4th quarter worth approximately $35,000. Finally, Continuum Advisory LLC grew its position in Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.29% of the company’s stock.

Deere & Company Stock Up 2.5 %

Shares of NYSE:DE opened at $478.67 on Friday. The stock has a fifty day simple moving average of $466.59 and a two-hundred day simple moving average of $432.84. The stock has a market capitalization of $129.92 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 2.14 and a beta of 1.01. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. 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 announced its quarterly earnings data 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 return on equity of 27.31% and a net margin of 12.94%. On average, research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s payout ratio is 28.72%.

Wall Street Analyst Weigh In

DE has been the topic of several recent research reports. StockNews.com lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Argus set a $510.00 price target on Deere & Company in a research report on Friday, March 7th. Robert W. Baird restated a “neutral” rating and set a $501.00 price target on shares of Deere & Company in a research report on Monday, March 3rd. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research report on Friday, December 6th. Finally, Citigroup lifted their price objective on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Hold” and a consensus price target of $460.00.

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.