Wiley BROS. Aintree Capital LLC trimmed its stake in shares of Deere & Company (NYSE:DE) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,360 shares of the industrial products company’s stock after selling 70 shares during the quarter. Wiley BROS. Aintree Capital LLC’s holdings in Deere & Company were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Destination Wealth Management boosted its stake in Deere & Company by 20,500.0% during the 4th quarter. Destination Wealth Management now owns 206 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 205 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Deere & Company by 14,550.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,214,983 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 5,179,386 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in Deere & Company by 155.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 238 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 145 shares in the last quarter. Athena Capital Advisors LLC bought a new position in Deere & Company during the 4th quarter valued at $36,000. Finally, Lavaca Capital LLC bought a new position in Deere & Company during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 68.26% of the company’s stock.
In other Deere & Company news, insider John C. May II sold 11,661 shares of the firm’s stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $160.21, for a total transaction of $1,868,208.81. Following the transaction, the insider now directly owns 55,743 shares in the company, valued at $8,930,586.03. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.71% of the stock is owned by company insiders.
Deere & Company (NYSE:DE) last announced its quarterly earnings data on Friday, February 15th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.22). Deere & Company had a return on equity of 28.83% and a net margin of 8.85%. The firm had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the business posted $1.31 earnings per share. Deere & Company’s revenue was up 16.2% on a year-over-year basis. On average, sell-side analysts forecast that Deere & Company will post 11.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, March 29th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $3.04 annualized dividend and a yield of 1.87%. Deere & Company’s dividend payout ratio (DPR) is currently 32.37%.
Several equities research analysts have recently weighed in on DE shares. Credit Suisse Group reissued a “buy” rating and set a $211.00 price objective on shares of Deere & Company in a research note on Tuesday, January 8th. Argus raised their price objective on Deere & Company from $166.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, January 9th. Zacks Investment Research raised Deere & Company from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a research note on Tuesday, January 15th. OTR Global raised Deere & Company to a “positive” rating in a research note on Friday, January 18th. Finally, Bank of America lowered Deere & Company from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $173.00 to $170.00 in a research note on Wednesday, February 13th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Deere & Company currently has a consensus rating of “Buy” and a consensus price target of $176.73.
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About Deere & Company
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
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