Deere & Company (NYSE:DE) Shares Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. boosted its stake in shares of Deere & Company (NYSE:DE) by 10.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,562 shares of the industrial products company’s stock after purchasing an additional 415 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Deere & Company were worth $1,933,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DE. OV Management LLC boosted its stake in shares of Deere & Company by 9.3% in the fourth quarter. OV Management LLC now owns 4,981 shares of the industrial products company’s stock worth $2,110,000 after buying an additional 423 shares during the last quarter. Geode Capital Management LLC boosted its position in Deere & Company by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,305,571 shares of the industrial products company’s stock worth $2,247,216,000 after purchasing an additional 97,203 shares in the last quarter. Tradewinds LLC. grew its stake in shares of Deere & Company by 6.8% during the 4th quarter. Tradewinds LLC. now owns 15,820 shares of the industrial products company’s stock worth $6,703,000 after purchasing an additional 1,006 shares during the period. HighPoint Advisor Group LLC increased its holdings in shares of Deere & Company by 6.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 7,825 shares of the industrial products company’s stock valued at $3,669,000 after purchasing an additional 443 shares in the last quarter. Finally, Family Legacy Inc. lifted its stake in shares of Deere & Company by 2.1% in the 4th quarter. Family Legacy Inc. now owns 8,311 shares of the industrial products company’s stock valued at $3,408,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 1.7 %

NYSE DE opened at $470.54 on Thursday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The firm has a market cap of $127.71 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.14 and a beta of 1.01. The firm has a 50 day simple moving average of $478.09 and a 200-day simple moving average of $441.50. Deere & Company has a one year low of $340.20 and a one year high of $515.05.

Deere & Company (NYSE:DE) last posted 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%. Equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued 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 1.38%. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DE shares. StockNews.com raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, March 29th. JPMorgan Chase & Co. increased their price target on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Baird R W lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Evercore ISI upped their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Finally, Robert W. Baird reissued a “neutral” rating and set a $501.00 target price on shares of Deere & Company in a research note on Monday, March 3rd. Fourteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $460.00.

Insider Buying and Selling at Deere & Company

In other Deere & Company 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 completion of the transaction, the insider now 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 legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by corporate insiders.

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.