Deere & Company (DE) Position Boosted by Vident Investment Advisory LLC

Vident Investment Advisory LLC raised its stake in Deere & Company (NYSE:DE) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,901 shares of the company’s stock after buying an additional 753 shares during the period. Vident Investment Advisory LLC’s holdings in Deere & Company were worth $1,329,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Investment Advisors LLC raised its stake in shares of Deere & Company by 0.8% in the third quarter. Capital Investment Advisors LLC now owns 3,317 shares of the company’s stock worth $283,000 after buying an additional 27 shares during the last quarter. Fairfield Bush & CO. raised its stake in shares of Deere & Company by 1.3% in the third quarter. Fairfield Bush & CO. now owns 2,650 shares of the company’s stock worth $226,000 after buying an additional 35 shares during the last quarter. Peddock Capital Advisors LLC raised its stake in shares of Deere & Company by 1.2% in the third quarter. Peddock Capital Advisors LLC now owns 3,402 shares of the company’s stock worth $290,000 after buying an additional 39 shares during the last quarter. Homrich & Berg raised its stake in shares of Deere & Company by 1.7% in the third quarter. Homrich & Berg now owns 2,979 shares of the company’s stock worth $254,000 after buying an additional 51 shares during the last quarter. Finally, Hartford Financial Management Inc. raised its stake in shares of Deere & Company by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock worth $103,000 after buying an additional 60 shares during the last quarter. 71.09% of the stock is owned by hedge funds and other institutional investors.

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

Deere & Company (NYSE:DE) opened at 110.88 on Tuesday. The stock has a 50 day moving average price of $109.34 and a 200-day moving average price of $97.58. Deere & Company has a 52 week low of $74.91 and a 52 week high of $112.18. The stock has a market cap of $35.29 billion, a P/E ratio of 24.02 and a beta of 0.73.

Deere & Company (NYSE:DE) last posted its earnings results on Friday, February 17th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.07. The company earned $4.70 billion during the quarter, compared to analyst estimates of $4.59 billion. Deere & Company had a net margin of 5.72% and a return on equity of 21.97%. Deere & Company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. On average, equities analysts anticipate that Deere & Company will post $4.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Friday, March 31st will be issued a dividend of $0.60 per share. The ex-dividend date is Wednesday, March 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.16%. Deere & Company’s dividend payout ratio is currently 49.90%.

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A number of brokerages recently commented on DE. Jefferies Group LLC boosted their target price on Deere & Company from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, February 23rd. Vetr raised Deere & Company from a “sell” rating to a “hold” rating and set a $109.18 target price for the company in a research report on Wednesday, February 22nd. TheStreet lowered Deere & Company from a “b” rating to a “c+” rating in a research report on Wednesday, February 22nd. Zacks Investment Research raised Deere & Company from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research report on Wednesday, February 22nd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $124.50 target price (up from $121.50) on shares of Deere & Company in a research report on Tuesday, February 21st. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $100.83.

In other Deere & Company news, insider Cory J. Reed sold 3,665 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $110.00, for a total value of $403,150.00. Following the completion of the sale, the insider now directly owns 8,632 shares in the company, valued at $949,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Samuel R. Allen sold 28,808 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $109.40, for a total transaction of $3,151,595.20. Following the completion of the sale, the chief executive officer now owns 299,596 shares of the company’s stock, valued at $32,775,802.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,302 shares of company stock valued at $3,753,704. 0.75% of the stock is currently owned by company insiders.

About Deere & Company

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.

5 Day Chart for NYSE:DE

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