Lbp Am Sa Has $3.26 Million Position in Deere & Company (NYSE:DE)

Lbp Am Sa lifted its stake in Deere & Company (NYSE:DE) by 56.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,689 shares of the industrial products company’s stock after purchasing an additional 2,789 shares during the quarter. Lbp Am Sa’s holdings in Deere & Company were worth $3,258,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Madison Investment Advisors LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at approximately $50,128,000. JPL Wealth Management LLC acquired a new stake in Deere & Company during the 4th quarter worth $3,498,000. Thompson Siegel & Walmsley LLC grew its holdings in Deere & Company by 18.5% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 17,908 shares of the industrial products company’s stock worth $7,588,000 after acquiring an additional 2,800 shares during the period. Impact Capital Partners LLC acquired a new stake in Deere & Company during the 4th quarter worth $603,000. Finally, HBK Sorce Advisory LLC grew its holdings in Deere & Company by 6.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 4,419 shares of the industrial products company’s stock worth $1,872,000 after acquiring an additional 259 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on DE. JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and set a $501.00 target price on shares of Deere & Company in a report on Monday, March 3rd. Oppenheimer lifted their price target on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Barclays lifted their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Argus set a $510.00 price target on shares of Deere & Company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $460.00.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the transaction, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by company insiders.

Deere & Company Trading Up 2.5 %

Shares of NYSE:DE opened at $478.67 on Friday. The company’s 50-day moving average price is $466.59 and its two-hundred day moving average price is $433.24. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The stock has a market capitalization of $129.92 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. On average, equities analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.35%. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

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.