Deere & Company (NYSE:DE) Shares Purchased by Roundview Capital LLC

Roundview Capital LLC raised its holdings in shares of Deere & Company (NYSE:DEGet Rating) by 12.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,257 shares of the industrial products company’s stock after acquiring an additional 256 shares during the period. Roundview Capital LLC’s holdings in Deere & Company were worth $774,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DE. PSI Advisors LLC acquired a new stake in Deere & Company in the third quarter worth approximately $30,000. First National Bank of South Miami acquired a new stake in shares of Deere & Company in the fourth quarter valued at $34,000. Crewe Advisors LLC boosted its stake in Deere & Company by 3,233.3% during the fourth quarter. Crewe Advisors LLC now owns 100 shares of the industrial products company’s stock valued at $34,000 after buying an additional 97 shares in the last quarter. Amplius Wealth Advisors LLC acquired a new position in Deere & Company during the fourth quarter worth about $34,000. Finally, Sierra Capital LLC raised its position in Deere & Company by 183.3% in the fourth quarter. Sierra Capital LLC now owns 102 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 67.35% of the company’s stock.

In other news, insider Rajesh Kalathur sold 32,391 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $400.00, for a total transaction of $12,956,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pentz Markwart Von sold 18,364 shares of the stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $393.00, for a total transaction of $7,217,052.00. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

A number of analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Deere & Company in a report on Friday, March 11th. They issued an “overweight” rating and a $455.00 target price on the stock. Zacks Investment Research lowered Deere & Company from a “buy” rating to a “hold” rating and set a $412.00 price objective for the company. in a research note on Monday, February 14th. Bank of America cut Deere & Company from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $475.00 to $450.00 in a report on Monday, April 25th. Deutsche Bank Aktiengesellschaft upped their target price on Deere & Company from $400.00 to $417.00 and gave the company a “hold” rating in a report on Tuesday, February 22nd. Finally, JPMorgan Chase & Co. upgraded Deere & Company from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $355.00 to $440.00 in a report on Monday, March 28th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of “Buy” and an average price target of $440.53.

Shares of DE traded up $3.71 during mid-day trading on Friday, hitting $366.69. 1,749,796 shares of the company’s stock were exchanged, compared to its average volume of 1,638,474. The stock has a market cap of $112.49 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.19 and a beta of 1.02. The firm has a fifty day moving average of $403.28 and a two-hundred day moving average of $376.67. The company has a quick ratio of 1.94, a current ratio of 2.25 and a debt-to-equity ratio of 1.84. Deere & Company has a twelve month low of $320.50 and a twelve month high of $446.76.

Deere & Company (NYSE:DEGet Rating) last posted its earnings results on Friday, February 18th. The industrial products company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.28 by $0.64. The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.28 billion. Deere & Company had a net margin of 12.69% and a return on equity of 33.65%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.87 earnings per share. On average, equities analysts predict that Deere & Company will post 22.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 9th. Investors of record on Thursday, March 31st were issued a $1.05 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $4.20 annualized dividend and a yield of 1.15%. Deere & Company’s dividend payout ratio (DPR) is presently 23.28%.

About Deere & Company (Get Rating)

Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

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

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