High Falls Advisors Inc Takes Position in Deere & Company (DE)

High Falls Advisors Inc purchased a new position in Deere & Company (NYSE:DE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,400 shares of the industrial products company’s stock, valued at approximately $219,000.

A number of other hedge funds have also made changes to their positions in DE. Russell Investments Group Ltd. lifted its stake in Deere & Company by 71.0% in the third quarter. Russell Investments Group Ltd. now owns 240,341 shares of the industrial products company’s stock worth $30,183,000 after acquiring an additional 99,793 shares during the period. Advisors Asset Management Inc. lifted its stake in Deere & Company by 8.5% in the third quarter. Advisors Asset Management Inc. now owns 13,808 shares of the industrial products company’s stock worth $1,734,000 after acquiring an additional 1,080 shares during the period. Rational Advisors LLC purchased a new stake in Deere & Company in the third quarter worth $251,000. AE Wealth Management LLC purchased a new stake in Deere & Company in the third quarter worth $201,000. Finally, Pacer Advisors Inc. lifted its stake in Deere & Company by 10.6% in the third quarter. Pacer Advisors Inc. now owns 7,355 shares of the industrial products company’s stock worth $924,000 after acquiring an additional 702 shares during the period. 67.31% of the stock is owned by institutional investors.

How to Become a New Pot Stock Millionaire

DE stock opened at $159.40 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $51,653.87, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 2.04 and a beta of 0.76. Deere & Company has a 52-week low of $106.93 and a 52-week high of $175.26.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Friday, February 16th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.15. The firm had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.41 billion. Deere & Company had a return on equity of 27.18% and a net margin of 4.57%. Deere & Company’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. equities research analysts forecast that Deere & Company will post 9.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Thursday, March 29th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, March 28th. Deere & Company’s dividend payout ratio is presently 54.92%.

A number of analysts recently commented on the company. TheStreet lowered Deere & Company from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. Wells Fargo reissued an “outperform” rating and set a $200.00 price objective (up previously from $170.00) on shares of Deere & Company in a research report on Wednesday, January 10th. Royal Bank of Canada raised Deere & Company from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from $190.00 to $155.00 in a research report on Wednesday, January 10th. Barclays raised Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price objective for the company in a research report on Wednesday, January 10th. Finally, ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $172.07.

In other news, CEO Samuel R. Allen sold 269,353 shares of Deere & Company stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $163.83, for a total value of $44,128,101.99. Following the completion of the transaction, the chief executive officer now owns 361,166 shares of the company’s stock, valued at approximately $59,169,825.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James M. Field sold 22,095 shares of Deere & Company stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $170.06, for a total value of $3,757,475.70. Following the completion of the transaction, the insider now directly owns 95,832 shares of the company’s stock, valued at approximately $16,297,189.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 380,397 shares of company stock valued at $62,811,005. 0.74% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: This report was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3285395/high-falls-advisors-inc-takes-position-in-deere-company-de.html.

Deere & Company 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.

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE).

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Clearwater Paper  Sets New 1-Year High and Low at $23.35
Clearwater Paper Sets New 1-Year High and Low at $23.35
Ionis Pharmaceuticals  Shares Gap Down to $45.33
Ionis Pharmaceuticals Shares Gap Down to $45.33
AVX  Sets New 12-Month High and Low at $15.61
AVX Sets New 12-Month High and Low at $15.61
Acadia Realty Trust  Cut to Sell at Zacks Investment Research
Acadia Realty Trust Cut to Sell at Zacks Investment Research
Comparing BioFuel Energy  & William Lyon Homes
Comparing BioFuel Energy & William Lyon Homes
Analysts Anticipate LPL Financial  Will Post Earnings of $0.69 Per Share
Analysts Anticipate LPL Financial Will Post Earnings of $0.69 Per Share


© 2006-2018 Ticker Report. Google+.