Eudaimonia Partners LLC trimmed its position in Deere & Company (NYSE:DE – Get Rating) by 32.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 728 shares of the industrial products company’s stock after selling 353 shares during the period. Eudaimonia Partners LLC’s holdings in Deere & Company were worth $312,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Marshall & Sullivan Inc. WA bought a new position in Deere & Company in the fourth quarter worth about $32,000. Worth Asset Management LLC bought a new position in Deere & Company in the first quarter worth about $28,000. Riggs Asset Managment Co. Inc. lifted its holdings in Deere & Company by 411.8% in the third quarter. Riggs Asset Managment Co. Inc. now owns 87 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 70 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in Deere & Company by 64.3% in the third quarter. Bell Investment Advisors Inc now owns 92 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 36 shares during the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lifted its holdings in Deere & Company by 400.0% in the fourth quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 100 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 80 shares during the last quarter. 75.72% of the stock is currently owned by institutional investors and hedge funds.
Deere & Company Trading Up 2.3 %
Deere & Company stock opened at $412.88 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.76 and a current ratio of 2.07. The firm has a market cap of $122.34 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. Deere & Company has a 1 year low of $283.81 and a 1 year high of $448.40. The firm’s 50 day moving average price is $411.15 and its two-hundred day moving average price is $405.66.
Deere & Company Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 8th. Shareholders of record on Friday, March 31st will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.21%. This is a boost from Deere & Company’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, March 30th. Deere & Company’s payout ratio is presently 18.55%.
Wall Street Analyst Weigh In
DE has been the topic of a number of recent analyst reports. Sanford C. Bernstein lifted their price target on Deere & Company from $364.00 to $398.00 and gave the company a “market perform” rating in a report on Tuesday, February 21st. Bank of America lifted their price target on Deere & Company from $478.00 to $484.00 in a report on Monday, February 20th. DA Davidson reaffirmed a “buy” rating and set a $520.00 price target on shares of Deere & Company in a report on Tuesday, February 21st. Stifel Nicolaus lifted their price target on Deere & Company from $475.00 to $477.00 and gave the company a “buy” rating in a report on Monday, December 19th. Finally, Argus lifted their price target on Deere & Company from $475.00 to $485.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and a consensus target price of $459.86.
Deere & 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.
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