Studio Investment Management LLC Has $1.10 Million Stock Position in Deere & Company $DE

Studio Investment Management LLC decreased its holdings in shares of Deere & Company (NYSE:DEFree Report) by 45.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,400 shares of the industrial products company’s stock after selling 2,025 shares during the quarter. Studio Investment Management LLC’s holdings in Deere & Company were worth $1,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DE. Brighton Jones LLC increased its position in shares of Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after acquiring an additional 1,278 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Deere & Company by 3.5% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,867 shares of the industrial products company’s stock worth $962,000 after purchasing an additional 64 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Deere & Company by 4.4% during the 2nd quarter. Stephens Inc. AR now owns 7,214 shares of the industrial products company’s stock worth $3,668,000 after purchasing an additional 305 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Deere & Company by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock valued at $1,056,000 after buying an additional 150 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in Deere & Company by 20.7% during the second quarter. Cullen Frost Bankers Inc. now owns 1,385 shares of the industrial products company’s stock worth $704,000 after acquiring an additional 238 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Performance

NYSE:DE opened at $592.25 on Thursday. The stock has a market cap of $160.54 billion, a P/E ratio of 32.00, a PEG ratio of 2.40 and a beta of 1.02. The stock has a 50 day simple moving average of $515.50 and a 200 day simple moving average of $489.09. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. Deere & Company has a 1-year low of $404.42 and a 1-year high of $626.25.

Deere & Company (NYSE:DEGet Free Report) last issued its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. The firm had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. Deere & Company had a return on equity of 20.54% and a net margin of 11.00%. Research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Wednesday, December 31st were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is currently 35.01%.

Insider Transactions at Deere & Company

In other news, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the sale, the insider directly owned 20,792 shares in the company, valued at approximately $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. May II sold 41,472 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the sale, the chief executive officer directly owned 117,970 shares in the company, valued at $59,160,775.30. This represents a 26.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 64,578 shares of company stock worth $32,471,682. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Daiwa Securities Group lowered their price objective on shares of Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 2nd. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Royal Bank Of Canada dropped their price objective on Deere & Company from $542.00 to $541.00 and set an “outperform” rating on the stock in a research note on Friday, November 28th. Morgan Stanley reiterated an “overweight” rating and set a $560.00 target price on shares of Deere & Company in a research note on Tuesday, December 9th. Finally, Zacks Research upgraded Deere & Company from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Fifteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $524.20.

Read Our Latest Stock Analysis on Deere & Company

Trending Headlines about Deere & Company

Here are the key news stories impacting Deere & Company this week:

About Deere & Company

(Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

See Also

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

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.