Deere & Company (NYSE:DE) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its position in Deere & Company (NYSE:DE) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,075 shares of the industrial products company’s stock after purchasing an additional 96 shares during the period. TD Private Client Wealth LLC’s holdings in Deere & Company were worth $879,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DE. Gutierrez Wealth Advisory LLC bought a new position in Deere & Company in the 4th quarter worth approximately $474,000. Lee Danner & Bass Inc. bought a new stake in Deere & Company during the 4th quarter valued at $115,000. Whittier Trust Co. of Nevada Inc. boosted its position in Deere & Company by 0.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 10,118 shares of the industrial products company’s stock worth $4,287,000 after acquiring an additional 59 shares during the period. Douglass Winthrop Advisors LLC grew its stake in shares of Deere & Company by 1.5% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 277,304 shares of the industrial products company’s stock worth $117,494,000 after purchasing an additional 4,097 shares in the last quarter. Finally, Wilkins Investment Counsel Inc. grew its stake in shares of Deere & Company by 68.5% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 4,205 shares of the industrial products company’s stock worth $1,782,000 after purchasing an additional 1,710 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

DE stock opened at $471.90 on Monday. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The firm has a 50-day moving average of $473.25 and a two-hundred day moving average of $436.88. The firm has a market capitalization of $128.08 billion, a PE ratio of 20.92, a P/E/G ratio of 2.14 and a beta of 1.01. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94.

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, beating 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, analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.37%. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Insider Transactions at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DE has been the subject of several research analyst reports. Citigroup upped their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. StockNews.com lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Finally, Evercore ISI increased their price target on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Deere & Company has an average rating of “Hold” and an average target price of $460.00.

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.