VisionPoint Advisory Group LLC Buys 664 Shares of Deere & Company (NYSE:DE)

VisionPoint Advisory Group LLC boosted its stake in shares of Deere & Company (NYSE:DE) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,837 shares of the industrial products company’s stock after purchasing an additional 664 shares during the period. Deere & Company accounts for about 2.0% of VisionPoint Advisory Group LLC’s investment portfolio, making the stock its 7th biggest holding. VisionPoint Advisory Group LLC’s holdings in Deere & Company were worth $5,786,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Pineridge Advisors LLC increased its stake in shares of Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Modus Advisors LLC bought a new position in Deere & Company during the fourth quarter worth about $32,000. YANKCOM Partnership bought a new position in Deere & Company during the fourth quarter worth about $34,000. Synergy Asset Management LLC acquired a new position in Deere & Company during the fourth quarter worth approximately $35,000. Finally, Continuum Advisory LLC raised its stake in Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the transaction, the insider now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Deere & Company Stock Down 2.6 %

Shares of NYSE DE opened at $496.28 on Friday. The stock has a market capitalization of $135.16 billion, a P/E ratio of 22.00, a PEG ratio of 2.20 and a beta of 0.98. The stock’s fifty day moving average is $451.08 and its 200 day moving average is $419.90. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22.

Deere & Company (NYSE:DE) last released its 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%. Sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.62 per share. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company’s payout ratio is currently 28.72%.

Analyst Upgrades and Downgrades

DE has been the subject of several research analyst reports. StockNews.com downgraded Deere & Company from a “hold” rating to a “sell” rating in a research note on Thursday. UBS Group lifted their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Morgan Stanley increased their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. Finally, Oppenheimer upped their price target on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company has an average rating of “Hold” and an average price target of $454.65.

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.