Financial Counselors Inc. trimmed its holdings in Deere & Company (NYSE:DE) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,070 shares of the industrial products company’s stock after selling 711 shares during the period. Financial Counselors Inc.’s holdings in Deere & Company were worth $6,115,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Deere & Company during the 4th quarter valued at $101,000. Cerebellum GP LLC purchased a new position in shares of Deere & Company during the 4th quarter valued at $132,000. TCI Wealth Advisors Inc. grew its position in shares of Deere & Company by 107.3% during the 4th quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 458 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Deere & Company during the 3rd quarter valued at $144,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Deere & Company during the 3rd quarter valued at $158,000. Institutional investors and hedge funds own 66.24% of the company’s stock.
Deere & Company (NYSE DE) opened at $166.24 on Monday. Deere & Company has a 1 year low of $106.93 and a 1 year high of $175.26. The stock has a market cap of $53,738.26, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.16 and a beta of 0.75. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.98 and a quick ratio of 1.69.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, December 29th were given a $0.60 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.44%. Deere & Company’s dividend payout ratio (DPR) is presently 54.92%.
A number of research firms have recently commented on DE. Royal Bank of Canada upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from $190.00 to $155.00 in a research report on Wednesday, January 10th. Wells Fargo & Co restated an “outperform” rating and set a $200.00 price target (up from $170.00) on shares of Deere & Company in a research report on Wednesday, January 10th. Barclays upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price target for the company in a research report on Wednesday, January 10th. TheStreet lowered shares of Deere & Company from a “b+” rating to a “c+” rating in a research report on Friday, February 16th. Finally, UBS Group restated a “neutral” rating and set a $175.00 price target (up from $150.00) on shares of Deere & Company in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. Deere & Company currently has a consensus rating of “Buy” and a consensus target price of $170.86.
In other Deere & Company news, insider James M. Field sold 48,427 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $147.98, for a total value of $7,166,227.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mary K.W. Jones sold 34,136 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total transaction of $4,257,441.92. The disclosure for this sale can be found here. Insiders sold 239,872 shares of company stock valued at $36,859,369 over the last quarter. 0.74% of the stock is owned by company insiders.
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Deere & Company Profile
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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